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China jails Evergrande founder for life, fines firm over $2bn
China on Thursday sentenced the founder of embattled property giant Evergrande to life in prison and fined the company and an affiliate more than US$2 billion after a high-profile default five years ago.
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npr.org
Chinese court sentences founder of property developer Evergrande to life in prison
Chinese property developer Hui Ka Yan has been sentenced to life in prison. The decision marks a milestone in Evergrande's saga after it collapsed with more than $300 billion in…
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africanews.com
Chinese court sentences founder of troubled property developer Evergrande to life in prison | Africanews
Hui was fined 47 million yuan ($6.5 million) in 2024 and banned from China's securities markets for life by the China Securities Regulatory Commission over inflating company…
