Posted inChina property

Evergrande seen likelier to fall as chairman probed

Worries that Evergrande Group will go bankrupt have intensified with news that the indebted property developer’s chairman, Hui Ka-yan, is under police surveillance. Hui was taken away by Chinese police earlier this month and is being monitored at a designated location, Bloomberg reported, citing people familiar with the situation.  The report said the billionaire is […]

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