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The Latest Breaking News from Hui Ka Yan

It was Britain’s most expensive house. Why is its only resident a homeless man who lives on the porch?

2-8A Rutland Gate had jewel-encrusted bathroom suites and gold wastepaper bins in its 45 rooms, but has lain empty for years. With many people desperate for secure housing, what does the abandonment of this palace tell us about the UK?

The Guardian - UK

China Evergrande’s billionaire boss pleads guilty to fraud

Hui Ka Yan expresses remorse in trial proceedings after collapse of world’s most indebted property developer

The Guardian - UK

China Evergrande founder Hui Ka Yan pleads guilty to a set of charges including fraud and bribery

China Evergrande's founder has pleaded guilty to charges including illegal absorption of public deposits, fraud and corporate bribery

The Independent UK

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read the most diverse news in one place.

How the fall of Evergrande spells doom for China’s property market

The real estate giant became the poster-child for the problems facing Chinese developers after it collapsed under the weight of massive debts in 2021

The Independent UK

Chinese property giant Evergrande delisted from Hong Kong stock market

China Evergrande’s delisting closes a chapter in country’s unprecedented property crisis

The Independent UK

World’s most indebted company, China Evergrande, delisted from Hong Kong stock exchange

The collapsed property giant central to China’s real estate crisis will be delisted in Hong Kong this month, highlighting the deepening turmoil in the debt-laden sector.

Euronews

China Evergrande to be delisted from Hong Kong stock exchange following debt woes

China Evergrande says it will be delisted from Hong Kong’s stock exchange on Aug. 25

The Independent UK

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Evergrande: Chinese firm and founder fined over $78bn fraud claims

Property developer fined $580m and its chairman, Hui Ka Yan, fined $6.5m for allegedly falsifying its revenues

The Guardian - UK

Behind China Evergrande's Overhaul: People Driving Indebted Developer's Reformation

Discover the key players driving the restructuring efforts of China Evergrande, the troubled property developer grappling with a massive debt crisis.

Top News

£138m price agreed for Mayfair mansion in London's most expensive home sale of 2023

Billionaire Adar Poonawalla is set to buy Aberconway House in the biggest deal of the year

Evening Standard

China Evergrande’s founder is no longer a billionaire after the man once worth $42 billion loses 98% of his wealth

Property tycoon Hui Ka Yan was once Asia’s second-richest person.

Fortune

Evergrande, the ‘runaway’ developer that could become a wrecking ball for China’s economy

The regulatory crackdown that sparked arrests and a debt crisis in China’s second-biggest developer may do more harm than good to market, say analysts

The Guardian - AU

Evergrande shares soar as trading in crisis-hit China firm resumes

Stock was suspended after report billionaire founder Hui Ka Yan was under police surveillance

The Guardian - UK

China Evergrande soars after property developer's stocks resume trading

Shares of debt-laden property developer China Evergrande Group have soared after they resumed trading in Hong Kong following a suspension last week

The Independent UK

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France 24

China's Evergrande crisis: The rise and fall of Hui Ka Yan

China's Evergrande has announced that its founder is being investigated for "illegal crimes". It's the latest twist for world's most indebted property developer. We take a look at the rise and fall of Hui Ka Yan, who was once China's richest person. Next, we head to India to explore the…

Fortune

Evergrande spirals even further after halting its shares and admitting its billionaire chairman is detained due to 'suspicion of illegal crimes'

Evergrande's shares only resumed trading a month ago—and have lost 80% of their value since then.

The Guardian - AU

Evergrande halts share trading as woes mount for China property giant

Suspension comes a month after developer resumed trading and follows its chair reportedly being put under police surveillance

The Guardian - UK

Morrisons boss to step down; UK approval of Rosebank oilfield condemned as ‘environmental vandalism’ – as it happened

Supermarket names Rami Baitiéh as CEO; go-ahead for Equinor to develop largest oilfield in UK waters outrages campaigners

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The Guardian - UK

Chair of China’s Evergrande reportedly put under police surveillance

Another missed bond payment raises doubts over future of world’s most indebted property developer

The Times of India

China puts Evergrande’s billionaire founder under police control

BEIJING: Hui Ka Yan, the billionaire chairman of beleaguered property developer China Evergrande Group, has been placed under police control, according to people with knowledge of the matter.

Fortune

This Chinese billionaire has lost $39 billion from his personal fortune

The real estate mogul has also been removed from high profile political networks.

The Guardian - UK

Yours for £200m? UK’s most expensive house goes up for sale, again

Seven-storey Knightsbridge property overlooking Hyde Park has more living space than American football pitch

People

Julian EvansPritchard

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China Evergrande Group

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