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Evergrande says its Chairman is under investigation for “crimes”
Updated : 2 years, 8 months ago IST
Embattled Chinese developer Evergrande Group said on Thursday that Chinese authorities suspected its chairman of “crimes”, adding that the shares in the company would remain suspended until further notice, CNN reported.
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China's real estate magnate Hui Ka Yan loses 93 per cent of his wealth
Updated : 3 years, 4 months ago IST
Once the second-richest person in Asia, the China Evergrande Group chairman's fortune is considerably diminished, moreover, Hui is also finding himself increasingly isolated politically, with the latest signal coming from the Chinese People's Political Consultative Conference.
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