Once the Richest Man in Asia, China Evergrande’s Founder Hui Ka Yan, Now Watches as His Company Faces Insolvency

The Evergrande crisis continues. Yahoo News reports: The opening last year of the world’s largest artificial resort island, developed by China Evergrande Group for nearly $13 billion, was the realization of the ambitions of founder Hui Ka Yan, who sketched a design for the project himself. Now Evergrande is in default to global bondholders, the … Continue reading Once the Richest Man in Asia, China Evergrande’s Founder Hui Ka Yan, Now Watches as His Company Faces Insolvency