{"id":123284,"date":"2021-11-17T17:45:12","date_gmt":"2021-11-17T10:45:12","guid":{"rendered":"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\/"},"modified":"2021-11-17T19:03:10","modified_gmt":"2021-11-17T12:03:10","slug":"evergrandes-fire-sale-continues-as-founder-hui-ka-yan-disposes-of-corporate-and-personal-assets-to-avert-defaulting-on-debt","status":"publish","type":"post","link":"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\/","title":{"rendered":"Evergrande\u2019s fire sale continues as founder Hui Ka-yan disposes of corporate and personal assets to avert defaulting on debt"},"content":{"rendered":"


\nHui 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 last week to Saietta Group based in the UK last week for \u20ac2 million (US$2.3 million), a staggering 97 per cent discount on the March 2019 purchase price of 500 million yuan (US$78.4\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande\u2019s fire sale continues as founder Hui Ka-yan disposes of corporate and personal assets to avert defaulting on debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hui Ka-yan, founder and chairman of China Evergrande Group, has stepped up the disposal of...<\/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-123284","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-w4s","jetpack-related-posts":[{"id":139386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-hui-ka-yan-once-chinas-richest-man-has-seen-his-wealth-dwindle-as-developers-prospects-sour\/","url_meta":{"origin":123284,"position":0},"title":"China Evergrande\u2019s Hui Ka-yan, once China\u2019s richest man, has seen his wealth dwindle as developer\u2019s prospects sour","date":"October 1, 2023","format":false,"excerpt":"\r Hui Ka-yan, founder and chairman of the troubled developer, rode a wave of market reforms to amass a vast empire that included China\u2019s richest football club, a superyacht and reportedly the most expensive home in London. However, his personal fortunes have dwindled as Evergrande suffocates under a massive pile\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-hui-ka-yan-orders-executives-to-speed-up-construction-step-up-marketing-as-shared-voice-clip-debunks-suicide-rumour\/","url_meta":{"origin":123284,"position":1},"title":"Evergrande\u2019s Hui Ka-yan orders executives to speed up construction, step up marketing, as shared voice clip debunks suicide rumour","date":"December 2, 2022","format":false,"excerpt":"\r Evergrande is keeping the world\u2019s banks and capital markets on tenterhooks as it grapples with interest payments and billions in debt, all of which are supposed to be worked out in a massive corporate overhaul.\r \r Source : South China Morning Post\r Read more...Evergrande\u2019s Hui Ka-yan orders executives to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-has-no-bullets-left-as-crisis-lights-up-mainland-social-media-about-end-game-for-fallen-billionaire-hui-ka-yan\/","url_meta":{"origin":123284,"position":2},"title":"China Evergrande has \u2018no bullets\u2019 left as crisis lights up mainland social media about end-game for fallen billionaire Hui Ka-yan","date":"September 26, 2023","format":false,"excerpt":"\r Evergrande\u2019s debt plight is lighting up mainland Chinese social media platforms as users debate its ultimate fate. Brock Silvers at Kaiyuan Capital says there is plenty of time on the clock for founder Hui Ka-yan to salvage the situation.\r \r Source : South China Morning Post\r Read more...China Evergrande\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":161063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-court-names-evergrandes-liquidators-as-receivers-of-founders-assets\/","url_meta":{"origin":123284,"position":3},"title":"Hong Kong court names Evergrande\u2019s liquidators as receivers of founder\u2019s assets","date":"September 16, 2025","format":false,"excerpt":"\r A Hong Kong judge on Tuesday appointed China Evergrande Group\u2019s liquidators as receivers of the assets of company founder Hui Ka Yan, following his failure to comply with a previous order requiring him to reveal all his worldwide assets valued at more than HK$50,000 (US$6,426). \u201cThere is a total\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":123284,"position":4},"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":66712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-hui-ka-yan-topples-chinas-top-two-tech-tycoons-to-become-countrys-richest-man-for-a-day\/","url_meta":{"origin":123284,"position":5},"title":"Evergrande\u2019s Hui Ka-yan topples China\u2019s top two tech tycoons to become country\u2019s richest man \u2013 for a day","date":"September 18, 2017","format":false,"excerpt":"\r Hui Ka-yan, 58, chairman of property developer China Evergrande, became China\u2019s richest man \u2013 unseating Tencent\u2019s Ma Huateng and Alibaba\u2019s Jack Ma Yun \u2013 for a day. The Henan-born Hui\u2019s wealth advance has been driven by an extraordinary rally in Hong Kong-listed Evergrande\u2019s share price. The country\u2019s largest home\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\/123284"}],"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=123284"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}