Xia Haijun News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district on Hong Kong island for HK$82 million, said Gary Lam, a senior sales director at real estate agency Centaline. Xia, who stepped down from the embattled Chinese developer in 2022 after an internal probe found he was involved in diverting loans worth...

A liquidation order to the world's most indebted property developer shows that in China, no company's too big to fail.

Evergrande’s future is up in the air, with founder Hui Ka-yan under arrest for suspected crimes. Still, the developer may survive a foreclosure attempt later this month, a restructuring lawyer at Hogan Lovells says.

The regulatory crackdown that sparked arrests and a debt crisis in China’s second-biggest developer may do more harm than good to market, say analysts

Foreign investors should expect to suffer from Evergrande’s woes.