Troubled Chinese property giant Evergrande suspended trading until further notice after its billionaire founder was placed under surveillance.
, the founder and CEO of Evergrande who was put under police control this week in the latest episode in the mega developer's years-long fall from grace.
Hong Kong-based Hui is now under police control at a designated, but unspecified, location in mainland China, Hui joins a list of half a dozen tycoons to be investigated for financial crimes in the last decade, coinciding with Chinese President's rise to power and his far-reaching anti-graft campaign in the public and private sectors.
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China Evergrande chairman under scrutiny on suspicion of illegal crimes By ReutersChina Evergrande chairman under scrutiny on suspicion of illegal crimes
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China Evergrande chairman under scrutiny on suspicion of illegal crimesChina Evergrande Group said on Thursday authorities have informed the embattled property developer that its chairman Hui Ka Yan has been subject to mandatory measures in accordance with the law due to suspicion of illegal crimes.
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China Evergrande Says Chairman Hui Ka Yan Is Suspected of CrimesTrading in the shares of the property developer and two of its publicly listed units was suspended, following reports that Hui had been placed under police control.
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Paran operaciones bursátiles de China Evergrande en Hong KongLas operaciones bursátiles para las acciones de la endeudada inmobiliaria china China Evergrande Group fueron suspendidas el jueves en Hong Kong, según un aviso en la Bolsa de Valores de ese territorio.
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