Evergrande Founder Hui Barred From Splurging by Chinese Court

Bloomberg11-26

(Bloomberg) -- A Chinese court has imposed spending restrictions on beleaguered property developer China Evergrande Group and its founder Hui Ka Yan after the company failed to comply with payment ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486885710?lang=en_US&edition=fundamental","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/E7EJ7KPMCPPOFKRB3WOVLJPJKE.jpg?smart=true&auth=4dae5d6cf99ed13c77d2406f7d8d347a4e54142773f77aa7dbce96f6abc77557&width=500&height=333","is_english":true,"pubTime":"2024-11-26 23:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486885710","market":"sg","top_or_hot":-1,"title":"Evergrande Founder Hui Barred From Splurging by Chinese Court","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- A Chinese court has imposed spending restrictions on beleaguered property developer China Evergrande Group and its founder Hui Ka Yan after the company failed to comply with payment ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/international/2024/11/26/evergrande-founder-hui-barred-from-splurging-by-chinese-court/\">Source Link</a>\n\n</div>\n","source":"bnn_bloomberg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande Founder Hui Barred From Splurging by Chinese Court</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande Founder Hui Barred From Splurging by Chinese Court\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-26 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/business/international/2024/11/26/evergrande-founder-hui-barred-from-splurging-by-chinese-court/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A Chinese court has imposed spending restrictions on beleaguered property developer China Evergrande Group and its founder Hui Ka Yan after the company failed to comply with payment ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/international/2024/11/26/evergrande-founder-hui-barred-from-splurging-by-chinese-court/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1598","symbol_name":"恒大概念","start_time":0,"source_url":"https://www.bnnbloomberg.ca/business/international/2024/11/26/evergrande-founder-hui-barred-from-splurging-by-chinese-court/","article_id":"2486885710","we_media_id":null,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/E7EJ7KPMCPPOFKRB3WOVLJPJKE.jpg?smart=true&auth=4dae5d6cf99ed13c77d2406f7d8d347a4e54142773f77aa7dbce96f6abc77557&width=500&height=333"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486885710","pubTimestamp":1732633972,"columns":[],"sourceInfo":{"source_id":"bnn_bloomberg_highlight","name":"Bloomberg"},"weMediaInfo":null,"summary":"A Chinese court has imposed spending restrictions on beleaguered property developer China Evergrande Group and its founder Hui Ka Yan after the company failed to comply with payment obligations.","collect":0,"end_time":0,"defaultTopTitle":"bnnbloomberg.ca","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1598":"恒大概念","BK1507":"粤港澳大湾区","03333":"中国恒大","BK1240":"房地产开发","BK1555":"内房股"},"translate_title":"恒大创始人许被中国法院禁止挥霍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03333":1},"content_text":"(Bloomberg) -- A Chinese court has imposed spending restrictions on beleaguered property developer China Evergrande Group and its founder Hui Ka Yan after the company failed to comply with payment obligations. Under the order issued by the Guangzhou Nansha District People’s Court, both Evergrande and Hui are barred from spending in high consumption areas that are not “necessities of life or business,” according to an exchange filing on Tuesday. Chinese media outlet Guandian reported earlier that Hui had been hit with spending curbs before.The restrictions are the latest episode in the wind-up process of the troubled Chinese developer after it was ordered to liquidate by a Hong Kong court in January. Evergrande’s offshore liquidators are still navigating a structural maze and thorny legal questions about their reach in mainland jurisdictions, where many of the firm’s assets are based. Last week, a Hong Kong judge adjourned a hearing on a petition to wind-up one of its units, giving the parties more time as the builder’s liquidators seek to seize key assets.  Evergrande amassed more than $300 billion of liabilities during China’s debt-fueled property boom, becoming the world’s most indebted developer in 2022. Shares of Evergrande have been suspended from trading since Jan. 29. ©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486885710"}