Dossier
Fortune Ark Restructuring
Coverage of Fortune Ark Restructuring in the Nexus archive.
- China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence
Chinese authorities are proceeding to resolve the collapse of the Evergrande real estate empire following a Guangzhou court's acceptance of a bankruptcy liquidation case against the property development unit. This came after a Shenzhen court sentenced founder Hui Kan Yan to life in prison for financial crimes, with dozens of others also receiving jail terms.