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Embattled Billionaire Hui Ka Yan Wins Preliminary Support For Evergrande Restructuring Deal

Por: Forbes Business March 20, 2023

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Hui Ka YanVCG/VCG via Getty Images Hui Ka Yan has managed to win over preliminary support from a group of major creditors, with his deeply indebted property developer China Evergrande Group telling a Hong Kong court that it aims to present offshore debt restructuring terms as early as Wednesday. Evergrande, which is at the center of China’s sprawling real estate crisis, aims to sign an agreement with debt holders by end of March, its legal... + full article



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