Mansions Tied to Evergrande Chairman Hui Are Seized by Creditor
- Latest luxury properties on Hong Kong’s Peak to be taken
- Hui has seen his wealth dwindle after Evergrande defaulted
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A creditor has seized a pair of luxury houses on Hong Kong’s Peak connected to China Evergrande Group’s Chairman Hui Ka Yan, the latest setback to the fallen property tycoon.
The creditor, Orix Asia Capital Ltd., appointed receivers for the adjacent homes, according to documents lodged with the Land Ministry. The properties, 10C and 10E on Black’s Link, are linked to Hui via his associate Tan Haijun, who is listed as a director of the companies holding the houses.