US Edition
China Evergrande Liquidators Apply for Receivers to Identify Founder's Assets
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.3 Articles
3 Articles
Evergrande liquidators apply for receivers to identify founder assets
Liquidators of China Evergrande, once the country’s largest property developer, have asked a Hong Kong court to appoint receivers to identify and preserve the assets of founder Hui Ka Yan, who has not disclosed his worldwide properties, reports Reuters. The move is the liquidators’ latest effort to recover $6 billion in dividends and remuneration paid […]
Last Monday (August 25), Chinese real estate giant Evergrande was delisted from the Hong Kong Stock Exchange, leaving behind a massive debt. The latest news reports indicate that Evergrande's liquidators have requested the Hong Kong High Court to appoint a receiver to inventory the personal assets of founder Xu Jiayin and recover US$6 billion in dividends and fees from various defendants.
China Evergrande liquidators apply for receivers to identify founder's assets
China Evergrande Group’s liquidators have formally applied for the appointment of receivers to scrutinize and identify the assets owned by the company’s founder, according to a Reuters report. The move marks a significant development in the ongoing efforts to address the sprawling debt crisis of one of China’s largest property developers. As Evergrande struggles to resolve its liabilities, the search for clarity over the founder’s personal holdi…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
