Evergrande Chairman Under Police Surveillance Amid Debt Crisis

Evergrande chairman Hui Ka Yan reportedly placed under police surveillance according to Bloomberg News.
Reason for surveillance unclear, but does not necessarily mean Hui will be charged.
News adds pressure on embattled Evergrande, already in debt crisis.
Evergrande missed bond payments, said cannot issue new bonds due to investigation.
Some creditors may join liquidation petition if no new debt plan by October.

reuters.com

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