{"id":121755,"date":"2021-08-31T20:29:14","date_gmt":"2021-08-31T13:29:14","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-china-evergrande-faces-risk-of-loan-defaults-legal-action-billionaire-chairman-hui-ka-yan-admits-as-profit-tanks\/"},"modified":"2021-08-31T22:05:17","modified_gmt":"2021-08-31T15:05:17","slug":"indebted-china-evergrande-faces-risk-of-loan-defaults-legal-action-billionaire-chairman-hui-ka-yan-admits-as-profit-tanks","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-china-evergrande-faces-risk-of-loan-defaults-legal-action-billionaire-chairman-hui-ka-yan-admits-as-profit-tanks\/","title":{"rendered":"Indebted China Evergrande faces risk of loan defaults, legal action, billionaire chairman Hui Ka-yan admits as profit tanks"},"content":{"rendered":"


\nThe billionaire chairman of the world\u2019s most indebted developer, China Evergrande, has admitted his company faces the risks of defaulting on loans and legal action from creditors.Hui Ka-yan, who founded the Shenzhen-based home builder in 1996, made the rare admission in an earnings statement on Tuesday as Evergrande reported a dramatic plunge in profits. The high-profile tycoon also revealed that construction work had been halted at some of the developer\u2019s projects.\u201cThe group has the risks of\u2026
\n
\nSource : South China Morning Post
\nRead more…Indebted China Evergrande faces risk of loan defaults, legal action, billionaire chairman Hui Ka-yan admits as profit tanks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The billionaire chairman of the world\u2019s most indebted developer, China Evergrande, has admitted his company...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121755","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vFN","jetpack-related-posts":[{"id":123985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-boss-hui-ka-yan-rallies-workers-aims-to-deliver-four-times-as-many-homes-in-december\/","url_meta":{"origin":121755,"position":0},"title":"China Evergrande boss Hui Ka-yan rallies workers, aims to deliver four times as many homes in December","date":"December 27, 2021","format":false,"excerpt":"\r Hui Ka-yan, the founder and chairman of heavily-indebted developer China Evergrande Group, is trying to rally his employees and deliver more homes as the year comes to a close.At a weekly meeting with company executives on Sunday, the 63-year-old billionaire said all employees will be required to not \u201clie\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hui-ka-yan-steps-down-as-chairman-of-hengda-as-china-evergrande-reshuffles-its-executive-ranks-in-restructuring\/","url_meta":{"origin":121755,"position":1},"title":"Hui Ka-yan steps down as chairman of Hengda as China Evergrande reshuffles its executive ranks in restructuring","date":"August 17, 2021","format":false,"excerpt":"\r Hui Ka-yan, the property magnate who controls the world\u2019s most-indebted developer, has promoted one of his corporate lieutenants as he stepped down as chairman of the closely held Hengda Real Estate Group, in an executive reshuffling that raised concerns about his grip on his flagship China Evergrande Group.Hengda director\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-fire-sale-continues-as-founder-hui-ka-yan-disposes-of-corporate-and-personal-assets-to-avert-defaulting-on-debt\/","url_meta":{"origin":121755,"position":2},"title":"Evergrande\u2019s fire sale continues as founder Hui Ka-yan disposes of corporate and personal assets to avert defaulting on debt","date":"November 17, 2021","format":false,"excerpt":"\r Hui Ka-yan, founder and chairman of China Evergrande Group, has stepped up the disposal of his corporate and personal assets to help the world\u2019s most indebted developer stave off defaults as the company faces US$366 million of interest payments this year.That included the Dutch electric motor maker e-Traction, sold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hui-ka-yan-the-chinese-tycoon-trying-to-save-the-evergrande-empire\/","url_meta":{"origin":121755,"position":3},"title":"Hui Ka Yan, the Chinese tycoon trying to save the Evergrande empire","date":"September 3, 2021","format":false,"excerpt":"\r Billionaire founder and chair of world\u2019s most indebted property group must stave off liquidity crisis\r \r Source : ft.com\r Read more...Hui Ka Yan, the Chinese tycoon trying to save the Evergrande empire","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143083,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/whats-next-for-hui-ka-yan-after-china-slapped-evergrande-with-a-4-2-billion-yuan-fine-and-banned-him-from-the-markets-for-life\/","url_meta":{"origin":121755,"position":4},"title":"What\u2019s next for Hui Ka-yan after China slapped Evergrande with a 4.2 billion yuan fine and banned him from the markets for life?","date":"March 19, 2024","format":false,"excerpt":"\r Evergrande, which has the dubious honour as the world\u2019s most indebted developer with more than US$300 billion of liabilities, stands accused of inflating its revenue in the years leading up to its collapse.\r \r Source : South China Morning Post\r Read more...What\u2019s next for Hui Ka-yan after China slapped\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144585,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-did-wanda-founder-wang-jianlin-escape-the-wave-that-swept-away-embattled-evergrande-property-tycoon-hui-ka-yan\/","url_meta":{"origin":121755,"position":5},"title":"How did Wanda founder Wang Jianlin escape the wave that swept away embattled Evergrande property tycoon Hui Ka Yan?","date":"May 31, 2024","format":false,"excerpt":"\r Wanda Group founder Wang Jianlin turned to a \u2018light-asset\u2019 model in 2017, helping him avoid the same fate as Hui Ka Yan, the embattled founder of indebted real estate developer Evergrande Group.\r \r Source : South China Morning Post\r Read more...How did Wanda founder Wang Jianlin escape the wave\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121755"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=121755"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121755\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}