Evergrande Creditors Eye Megayachts, Private Jets, Mansions

Most of Hui’s fortune is derived from Evergrande dividends
His luxury assets could fetch an estimated $485 million

WATCH: Shares of Kaisa were suspended from trading the developer said it missed payments while the personal balance sheet of China Evergrande Group’s founder has become a key variable for bond investors trying to game out how long the developer can stave off default. Stephen Engle reports.Source: Bloomberg

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By Venus Feng

November 4, 2021 at 4:00 PM UTC

Updated on

November 5, 2021 at 1:24 PM UTC

This article is for subscribers only.

Hui Ka Yan’s 60-meter boat dwarfs almost everything around it in Hong Kong’s Gold Coast yacht club.

Moored a short walk from one of China Evergrande Group’s massive apartment complexes, “Event” is just one piece of Hui’s fortune that’s coming under increased scrutiny as his company struggles to make good on more than $300 billion of liabilities.