Saddled with more than $300 billion in total liabilities, China Evergrande Group has already seen many of its assets, both in mainland China and Hong Kong, seized by creditors.
‘s chairman in Hong Kong’s prestigious The Peak residential enclave has been seized by lender China Construction Bank , records from the Land Registry show.
Evergrande declined comment and chairman Hui Ka Yan could not be reached. CCB did not respond to a request for comment. Online news outlet HK01 first reported the foreclosure of the luxury house on October 27, which it said was now worth HK$700 million . The report added it could be the first known case of Hui’s personal assets in Hong Kong being seized.
A filing with Hong Kong’s Land Registry confirmed in October 2021 that the property had been pledged for a loan from CCB , although it gave no monetary figure.
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