Tag: hui-ka-yan

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China Dismantling Evergrande From Within to Avoid Worst Case Scenario
China’s Evergrande Group, with on the books liabilities in excess of US$300 billion is on the brink of collapse. It’s collapse would have disastrous and far reaching consequences for both the Chinese economy and the...
China’s Evergrande has paid off interest on bonds that were due in October.
Chinese Real Estate Giant Evergrande Narrowly Avoids Another Default
China Evergrande Group, the world’s most indebted property developer, has managed to avert yet another default after making payments to several bondholders. This is the third time in the past month that the cash-strapped property...
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Beijing Asks Evergrande Founder to Use His Money to Pay Back Company Debts
Chinese authorities have asked the founder of Evergrande, billionaire Hui Ka Yan (also known as Xu Jiayin), to tap into his personal wealth to pay back some of the debts of the company. Evergrande has...