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China Evergrande Chairman’s Hong Kong Mansion Seized by Bank

Started by Epoch-Times-Bot, Nov 04, 2022, 11:00 PM

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Epoch-Times-Bot

Nov 04, 2022, 11:00 PM
China Evergrande Chairman's Hong Kong Mansion Seized by Bank

HONG KONG—A mansion belonging to embattled China Evergrande Group’s chairman in Hong Kong’s prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), records from the Land Registry show.
The bank appointed receivers to take over the 5,000 sq ft (465 sq m) mansion on Nov. 1, according to a filing.
Evergrande declined comment and chairman Hui Ka Yan could not be reached. CCB (Asia) did not respond to a request for comment.
Saddled with more than $300 billion in total liabilities, the defaulted Chinese property developer has already seen many of its assets, both in mainland China and Hong Kong, seized by creditors....

Source: China Evergrande Chairman's Hong Kong Mansion Seized by Bank

xenzol

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Aug 12, 2024, 10:57 AM
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