Evergrande Tycoon’s Ex-Wife Spent Millions on Homes as Firm Sank

The ex-wife of China Evergrande Group’s chairman spent millions on luxury apartments in London, nine months after the developer defaulted on its loans.

While a court document in January unveiled her ownership of 33 units at the high-end residential development Thames City, it didn’t include the timing of the purchase. The properties worth £49.8 million ($67 million) were acquired in September 2022, according to data compiled by Bloomberg News based on UK land registry filings. That’s almost a year after Chinese authorities asked Evergrande Chairman Hui Ka Yan to pay debt with his personal wealth.