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2/2 © Reuters. FILE PHOTO: The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021. REUTER
BEIJING: The embattled Chinese real estate giant Evergrande has ousted its CEO and chief financial officer after an internal investigation into why banks seized over US$2 billion from its property services arm.
NEW YORK (AP) — Struggling Chinese real estate developer China Evergrande has announced that its chief executive and chief financial officer have resigned after initial findings in a probe found $2 billion belonging to its property unit subsidiary was redirected back to the group.
Xia Haijun who was CEO and Executive Vice President of the director board of Evergrande was asked by the company to step down
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