Evergrande Spring News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Crunch time for Evergrande, but no 'Lehman moment'

Asia’s Former Richest Man Faces Escalating Debt Crisis Share to Facebook Share to Linkedin Hui Ka Yan speaks during a news conference on the sidelines of the fourth session of the 12th National People's Congress on March 6, 2016 in Beijing, China. Etienne Oliveau/Getty Images Chinese real estate tycoon Hui Ka Yan is rapidly slipping down the wealth rankings. He net worth dropped another $3.35 billion this week, as shares of his Evergrande tumbled 26%. The company’s Hong Kong-listed shares have plunged 68% over the past year, and analysts say the once resourceful tycoon appears to ...