[ad_1] Hong Kong billionaire Joseph Lau and his wife Chan Hoi Wan. Visual China Group via Getty Images Joseph Lau, former chairman of Hong Kong property developer Chinese Estates Holdings,…
Tag: Hui Ka Yan
How Evergrande’s Chief Tried to Turn Things Around—and Failed
[ad_1] Hui Ka Yan, once one of the world’s richest men, led China Evergrande through its rise and fall. His failures in the aftermath made the property developer’s collapse a…
Evergrande has become the poster child for China’s debt-fuelled property crisis. Will Australia notice if it collapses?
[ad_1] China’s property market is facing a “sharp deterioration” which could lead to financial stress domestically, and ultimately affect its trade with Australia. Key points: Evergrande is facing liquidation proceedings on October…
China says Evergrande chairman being investigated for ‘illegal crimes’
[ad_1] BEIJING, China: This week, China Evergrande Group said its founder and chairman, Hui Ka Yan, is being investigated over suspected “illegal crimes.” However, the company did not say whether…
Shares of China Evergrande suspended as chairman under police watch
[ad_1] HONG KONG: Trading in shares of China Evergrande were suspended on Thursday after a report its chairman had been placed under police surveillance, intensifying concerns over the developer’s future…
China Evergrande’s billionaire boss Hui Ka Yan goes from power circles to police surveillance
[ad_1] Reuters reported on Tuesday that a major Evergrande offshore creditor group was planning to join a liquidation court petition filed against the developer if it does not submit a…
Pressure piles on China Evergrande with chairman Hui Ka Yan under police surveillance
[ad_1] HONG KONG: The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday (Sep 27), ratcheting up pressure on the embattled developer whose…