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33 Firms/ Multiple Overseas Bank Accounts of Hui Ka Yan Family Taken Over or Frozen, Involving Max. Amt of US$7.7B
2025-10-13 12:28:36 The Hong Kong High Court's Court of First Instance recently appointed the liquidator of China Evergrande Group as the receiver for assets related to the Hui Ka Yan family, according to the National Business Daily. Previously, the Hong Kong High Court had issued a global injunction against Hui's assets, explicitly prohibiting the disposal of assets worldwide with a value cap of US$7.7 billion. Legal documents from the High Court indicate that the liquidator of China Evergrande requested the freezing of assets of the Hui Ka Yan family, which involve 33 overseas companies and 7 bank accounts opened under Hui's name or in the name of overseas companies. In this ruling, the Hong Kong High Court allowed the liquidator of China Evergrande to take over the overseas companies 100% actually controlled by Hui, and all 7 related bank accounts have been frozen. ~ AASTOCKS Financial News Website: www.aastocks.com | |