Evergrande Founder s Seized HK Mansion Sells at Discount bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Two former Goldman Sachs traders in Hong Kong are raising money to lend to financially strapped borrowers, including the growing number of down-on-their-luck Chinese property tycoons.
The Politics Behind the Rise and Downfall of Evergrande s Hui Ka Yan theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
China Evergrande Group
Chairman Hui Ka Yan is being investigated on suspicion of
transferring assets offshore while the indebted property
developer struggles to complete unfinished projects, the.
Evergrande has been working to get creditors' approval to restructure its offshore debt but the process grew more complicated last week when the company said it could not issue new debt due to an investigation into its main China unit. Reuters reported last week that a group of offshore creditors was planning to join a court petition to liquidate the developer if it did not submit a new debt restructuring plan by the end of October. Evergrande did not immediately respond to a Reuters request for comment during week-long National Day holidays.