China Evergrande Group chairman Hui Ka Yan pictured in March 2017. Photo: Reuters
China Evergrande Group chairman Hui Ka Yan pictured in March 2017. Photo: Reuters

Evergrande chairman Hui Ka-yan forced to sell pledged shares in embattled developer

  • Hui Ka-yan’s stake in Evergrande has fallen to 59.78 per cent from 61.88 per cent following the forced share sale
  • While no transaction value was provided, the shares were worth HK$498 million (US$64 million), according to Bloomberg

Topic |   Evergrande crisis
China Evergrande Group chairman Hui Ka Yan pictured in March 2017. Photo: Reuters
China Evergrande Group chairman Hui Ka Yan pictured in March 2017. Photo: Reuters
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