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EVERGRANDE FOUNDER
He built China’s biggest property empire and became Asia’s richest man. Now Evergrande’s Hui Ka Yan is in prison for life, here’s why- School Assembly News Headlines, August 21, 2026: Top national, international, business, sports updates and thought of the day
- China Evergrande founder Hui Ka Yan gets life in prison as property giant’s saga ends
- Who is Hui Ka Yan? China Evergrande founder sentenced to life in prison for orchestrating massive financial fraudWho is Hui Ka Yan? Hui Ka Yan, the founder of China Evergrande, has been sentenced to life imprisonment for a range of financial offenses, ...20 Aug, 2026, 02.24 PM IST
- Evergrande’s rise and fall: A timeline of China’s property crisisEvergrande founder Xu Jiayin received a life sentence and massive fines, marking a dramatic turn. The developer's collapse highlights ongoi...20 Aug, 2026, 01.40 PM IST
- China Evergrande liquidation hearing unexpectedly adjourned to JanuaryOn Oct. 29, at the previous adjournment, Hong Kong High Court Justice Linda Chan said Monday's hearing would be the last before a decision ...04 Dec, 2023, 01.46 PM IST
- Evergrande faces final chance to avoid liquidation by HK court“If Evergrande fails to deliver an improved restructuring plan that meets the demands of the ad hoc group of creditors, the Hong Kong court...03 Dec, 2023, 09.38 AM IST
- China Evergrande granted final reprieve as winding-up hearing adjourned to December 4Evergrande, which has more than $300 billion of total liabilities, defaulted on its offshore debt in late 2021 and became the poster child ...30 Oct, 2023, 08.22 AM IST
- Evergrande's $500 million EV share deal suspended, stock to resume tradingPreviously, Evergrande said investigations had been initiated against the parent company, its founder and senior executives, while the firm...09 Oct, 2023, 12.25 AM IST
- Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assetsChina Evergrande Group has reportedly sold its luxury superyacht, Event, for about $32 million as part of its efforts to sell non-core asse...29 Sep, 2023, 11.31 AM IST
- Uday Kotak says Lehman & IL&FS crises have lessons for China's EvergrandeOn Thursday, trading in shares of China Evergrande were suspended after a report that its chairman had been placed under police surveillanc...28 Sep, 2023, 08.56 AM IST
- Evergrande labelled defaulter by S&P over failed coupon paymentsS&P Global cut Evergrande to "selective default" over its failure to make coupon payments by the end of a grace period earlier this month, ...18 Dec, 2021, 08.40 AM IST
- China audits Evergrande, chairman Hui Ka Yan's assets, no fire sale for now: SourcesBeijing has repeatedly sought to reassure investors, but it has not yet indicated how it plans to stabilise Evergrande in particular, which...15 Dec, 2021, 04.04 PM IST
- Evergrande looks to restructure, sets up risk committeeThe company's struggles to meet its commitments have fanned concerns about China's property sector, which forms a substantial part of the w...07 Dec, 2021, 10.17 AM IST
- Chinese govt summons Evergrande founder after warning on insufficient fundsIn a follow-up statement hours later the provincial government in Guangdong said it had "immediately summoned (founder) Xu Jianyin and... a...03 Dec, 2021, 09.41 PM IST
- View: Can return to traditional Communism help the stressed Chinese economy?The Chinese government has been tightening financial laws since August,2020 to forcefully intervene and exert greater control over the mark...03 Nov, 2021, 02.41 PM IST
- Evergrande agrees deal to avoid default on key bond: CompanyEvergrande's property unit Hengda has said it had negotiated a plan to pay interest due on its 2025 bond, which Bloomberg News calculated w...22 Sep, 2021, 09.50 AM IST
- China Evergrande fears consume investors awaiting tradingA major test comes this week, with Evergrande due to pay $83.5 million in interest relating to its March 2022 bond on Thursday. It has anot...21 Sep, 2021, 08.58 AM IST
- Why China’s economy is threatened by a property giant’s debt problemsConsidered as the world’s most debt-saddled property developer, Evergrande has been on life support for months. It has more than $300 billi...10 Sep, 2021, 08.43 PM IST
- He's a debt-laden property mogul. Meet China's own Donald TrumpHui, whose net worth is about $7.4 billion, has started disposing of some, listing Guangzhou Evergrande Taobao Football Club and selling th...03 Jan, 2017, 01.58 PM IST
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