Sep 29, 2023 08:08 PM

BUSINESS

Evergrande Chairman Hui Ka Yan Falls Under Investigation

By Chen Bo and Denise Jia

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China Evergrande Group Chairman Hui Ka Yan

China Evergrande Group Chairman Hui Ka Yan

China Evergrande Group Chairman Hui Ka Yan has been subject to mandatory measures due to suspicion of crimes, the company confirmed Thursday in a regulatory filing.

The beleaguered property developer said it received notification from authorities, according to the statement to the Hong Kong stock exchange. It didn’t disclose details on what the measures are or what crimes are suspected.

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