China audits Evergrande, chairman Hui Ka Yan’s assets, no fire sale for now: Sources

China audits Evergrande, chairman Hui Ka Yan’s assets, no fire sale for now: Sources

Chinese authorities are scrutinising the assets of China Evergrande Group and its wealthy chairman Hui Ka Yan but expect no fire sale for now at the world’s most indebted property developer, two sources with direct knowledge of the matter said. The audit, previously unreported, highlights how Beijing is taking charge at Evergrande after the real … Read more