Evergrande Tycoon’s Ex-Wife Spent Millions on Homes as Firm Sank
The ex-wife of China Evergrande Group’s chairman spent millions on luxury apartments in London, nine months after the developer defaulted on its loans.
China Evergrande Group is an investment holding company, which engages in the development, investment, and management of real estate properties. The firm also involves in property construction, hotel operations, finance business, internet business, and health industry business. It operates through the following segments: Property Development, Property Investment, Property Management Services, and Other Businesses. The company was founded on June 26, 2006 and is headquartered in Guangzhou, China.
The ex-wife of China Evergrande Group’s chairman spent millions on luxury apartments in London, nine months after the developer defaulted on its loans.
The ex-wife of China Evergrande Group Chairman Hui Ka Yan is asking the high court of Hong Kong to clarify her obligations imposed by injunctions.
A year after China Evergrande Group was ordered into liquidation by a Hong Kong court, creditors have yet to pocket a penny from the process.
At least eight major distressed Chinese firms, including a China Evergrande Group unit, are set to defend themselves in court cases relating to their debt problems over the...