Dec 03, 2022 04:39 AM

BUSINESS

Reports of the Death of Hui Ka Yan May Have Been Greatly Exaggerated

By Chen Bo and Denise Jia

Hui Ka Yan presides over an internet meeting at China Evergrande Group Dec. 2, 2022. Photo by Evergrande

Hui Ka Yan presides over an internet meeting at China Evergrande Group Dec. 2, 2022. Photo by Evergrande

Reports of the death of billionaire Evergrande founder and Chairman Hui Ka Yan may have been greatly exaggerated.

After rumors circulated online of Hui’s possible suicide, insiders of debt-stricken developer China Evergrande Group and several external independent sources denied them. Some Evergrande insiders released an internal WeChat group chat clip showing that Hui sent a 50-second voice message to executives Friday afternoon.

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