You Searched For "hui ka yan" and got 20 results
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2 mins read
China's wealthiest real-estate magnates lost a combined $46 billion in 2021, headlined by Evergrande's founder seeing $17 billion erased
China's top real estate billionaires saw their fortunes slashed in 2021, with some losing their bil…
Max Adams
2 mins read
Evergrande's boss has seen his wealth slump by $17 billion this year amid the company's debt crisis
Hui Ka Yan is now worth $6.1 billion, according to the Bloomberg Billionaires Index.
Huileng Tan
2 mins read
Chinese authorities are auditing the assets of Evergrande and its billionaire boss to determine if it needs a bailout: Reuters
The government has stepped in to manage Evergrande's crisis after it said there was "no guarantee" …
Huileng Tan
1 min read
Evergrande's boss forced to sell an additional 277.8 million shares as China's government says it's not bailing the property giant out
The sale cut Hui Ka Yan's stake in Evergrande by nearly 2% — from 61.88% to 59.78%.
Huileng Tan
1 min read
Matthew Loh
2 mins read
Beijing says Evergrande and its tycoon founder committed a $78 billion fraud. That would rank it as one of the biggest financial frauds ever.
Fraud allegations deepen crisis for Chinese real estate giant Evergrande, which is already in liqui…
Huileng Tan
2 mins read
The founder of Evergrande just lost 2 Hong Kong mansions collectively valued at $200 million to a creditor
The two luxury mansions in Hong Kong's prestigious The Peak neighborhood were pledged for an HK$821…
Huileng Tan
1 min read
The founder of Chinese property developer Evergrande — who was once Asia's second-richest person — is no longer a billionaire
Hui Ka Yan is now worth $979 million. His net worth has taken a 98% tumble since peaking at $42 bil…
Huileng Tan
1 min read
The CEO of a Chinese tech giant has been unreachable after making his last public appearance in August: Chinese media reports
A company spokesperson told CNN that its "business operations remain normal."
Kwan Wei Kevin Tan
1 min read
Evergrande's billionaire founder is under police control, report says, as Beijing's crackdown on the property giant intensifies
The Bloomberg report comes as shares in the embattled Chinese real-estate giant plunged this week a…
George Glover
1 min read
Evergrande shares jumped 42% within 15 minutes of resuming trade amid investigation woes
Trade in Evergrande shares was suspended last Thursday after Bloomberg reported the company's chair…
Huileng Tan
2 mins read
Real estate made China rich. Now it's looking more like kryptonite.
Chinese house prices dropped the most in eight years last month, in a sign a key engine for the wor…
George Glover
2 mins read
The controversial founder of Evergrande sent a voice note to executives after a rumor about his death swirled, report says
Hui Ka Yan spoke in a 50-second voice clip about the need to speed up construction projects to boos…
Ryan Hogg
3 mins read
China's property crisis could take up to a decade to fix, warns an economist who was censored for his bearish views on the economy
China's property sector, along with related industries, contributes as much as 30% to the country's…
Huileng Tan
2 mins read
A $227 million London mansion is up for sale after its Chinese billionaire owner's net worth fell by 83% in 2 years, report says
The FT reported that Hui Ka Yan is the secret owner of a $277 million mansion which went on the mar…
Ryan Hogg
3 mins read
Investors are now eyeing Country Garden chairperson's huge $5.3 billion fortune for help with the struggling property developer's dues
Even Evergrande's founder was reportedly told by Beijing in late 2021 to use his own money to pay d…
Huileng Tan
1 min read
Chinese authorities have told Evergrande's billionaire founder to use his own money to pay down the company's $300 billion debt, Bloomberg reports
Hui Ka Yan's net worth is about $7.6 billion, according to Bloomberg Billionaires Index. Evergrande…
Huileng Tan
2 mins read
The founder of Evergrande is said to have used $1.1 billion of his own money to pay down company debt, pledging mansions and selling art to raise funds
Evergrande is the world's most indebted developer, with $300 billion in liabilities. It has managed…
Huileng Tan
2 mins read
Evergrande takes on Tesla, rolling out its first electric vehicle as the embattled Chinese real-estate developer seeks to make EVs its core business
Evergrande said in 2020 that it wanted to become "the largest and most powerful new energy automobi…
Huileng Tan
2 mins read
China's Evergrande slides almost 6% after booking a $1 billion loss on the sale of its stake in streaming service HengTen
The indebted Chinese property development giant, which has $300 billion in liabilities, will get $2…