Hui Ka-yan, chairman of China Evergrande and China’s third-richest billionaire. Photo: Simon Song Hui Ka-yan, chairman of China Evergrande and China’s third-richest billionaire. Photo: Simon Song
Hui Ka-yan, chairman of China Evergrande and China’s third-richest billionaire. Photo: Simon Song

China Evergrande ends four-year pursuit of Shenzhen rival, to repay some of US$19.7 billion raised from investors

  • China Evergrande terminates back-door listing plan for Hengda unit after several delays and controversies
  • Developer will repay some investors and retain most backers, averting a US$19.7 billion cash crunch in first quarter of next year

Topic |   China property
Hui Ka-yan, chairman of China Evergrande and China’s third-richest billionaire. Photo: Simon Song Hui Ka-yan, chairman of China Evergrande and China’s third-richest billionaire. Photo: Simon Song
Hui Ka-yan, chairman of China Evergrande and China’s third-richest billionaire. Photo: Simon Song
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