Hints and tips:
...Additional reporting by Chan Ho-him in Hong Kong and Yuan Yang in London...
...China’s securities regulator has accused Evergrande and its founder Hui Ka Yan of inflating its mainland Chinese revenues by almost $80bn over 2019 and 2020, in the first detailed allegations by authorities...
...Back then its founder, Hui Ka Yan, still seemed hopeful he could save the world’s most indebted developer....
...Its founder, Hui Ka Yan, was placed under “mandatory measures” on suspicion of involvement in unspecified crimes, according to a company statement in September....
...It put the headquarters back on the market in July, attracting a number of bids including from Li Ka-shing’s Hong Kong property developer CK Asset Holdings....
...Last month, Hong Kong judge Linda Chan issued a liquidation order after the property group failed to produce a restructuring plan....
...The downward trend could extend into next year, Chan added....
...Evergrande’s chair Hui Ka Yan was placed under “mandatory measures” days later on suspicion of “illegal crimes”, authorities said at the time....
...In September, Chinese authorities used the same language in regard to Evergrande chair Hui Ka Yan, saying he had been placed under “mandatory measures” on suspicion of involvement in “illegal crimes” as...
...One problem in any attempt to strike a deal over Evergrande is the role of Hui Ka Yan, its chair and founder, in any deal....
...Days later the group said its chair, Hui Ka Yan — once Asia’s richest man — had been placed under “mandatory measures” on suspicion of involvement in unspecified “crimes”....
...In September, the authorities said its founder and chair Hui Ka Yan was suspected of crimes, while plans to restructure its international debts were derailed by a lack of approval from the China Securities...
...Billionaire tycoon Li Ka-shing’s CK Asset has cut new home prices to the lowest levels in seven years, while sales agents expect developers to delay more sales of finished units in the months ahead....
...Additional reporting by Chan Ho-him in Hong Kong...
...Its woes were captured this week by news that authorities suspected tycoon Hui Ka Yan, of the heavily indebted Evergrande conglomerate, of being involved in criminal conduct....
...Hui Ka Yan, the founder and chair of Evergrande, who was formerly China’s richest man, has seen his personal wealth come under intense scrutiny from investors amid the developer’s ongoing restructuring....
...Industrial and Commercial Bank of China (ICBC), one of China’s biggest banks, is looking for a new office in Hong Kong for rental or purchase and has recently inspected two new flagship office buildings — Li Ka-shing...
...Bishop Stephen Chow Sau-yan, the top Catholic cleric in Hong Kong, is the first senior church official from the Chinese territory to visit Beijing since 1994....
...Until April 11; further information and tickets here ‘Chan Kwan Lok: The Connection with Nature’ and ‘Leung Chi Wo: Tears of Tempo’, Hong Kong Museum of Art Chan Kwan Lok: The Connection with Nature explores...
...“The announced restructuring also remains silent on any immediate payment to bondholders or any capital injection from chairman Hui Ka Yan.”...
...Victor Li, the elder son of Li Ka-shing and chair of CK Asset, was in March stripped of his role on the standing committee of China’s top political consultative body....
...Bishop Stephen Chow Sau-yan, the top Catholic cleric in Hong Kong, will be the first senior church official from the Chinese territory to visit Beijing since 1994....
...Home sales closed by the property development arm of Hong Kong’s richest man Li Ka-shing halved from 2021 as the city struggled to revive its economy after years of harsh Covid-19 restrictions....
...A luxury Hong Kong mansion belonging to Hui Ka Yan, chair of debt-laden China Evergrande Group, has been seized by state-owned China Construction Bank (Asia), the first known takeover of one of the tycoon...
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