Two luxury mansions belonging to Hui Ka Yan, the founder and chairman of Evergrande, have been seized.
The properties in Hong Kong's prestigious The Peak neighborhood are worth $192 million, per HK01.
AdvertisementHui Ka Yan, the founder and chairman of Chinese property developer Evergrande, is having a really bad end to the year.
They are located in The Peak, Hong Kong's prestigious neighborhood, Bloomberg reported on Wednesday, citing documents lodged with Hong Kong's Land Ministry.
The houses — which are valued at 1.5 billion Hong Kong dollars, or $192 million — will be formally seized in days, local media outlet HK01 reported on Wednesday.
Persons:
Hui Ka Yan, China's, Evergrande, —, Hui, Yan, Tan Haijun
Organizations:
Service, Hong, Bloomberg, Ministry, Orix Asia Capital, HK, China Construction Bank, Orix, Business
Locations:
Hong, Hong Kong, China, Orix Asia