Companies from that Asian country asked Ka Yan to use his personal assets to cancel the debts with the bondholders, in order to calm the markets and the thousands of investors, creditors and suppliers who ended up mired in financial chaos.
Faced with this situation, Hui promised to sell a mansion of more than 450 square meters in The Peak, the most prestigious residential enclave in Hong Kong, to pay off a loan from the China Construction Bank in October.
The property is worth about HK $ 800 million ($ 103 million), a real estate agent told Reuters news agency.
Meanwhile, local media said he promised to raise some HK $ 300 million to pay off a matured Evergrande bond.
In addition, the tycoon considered the richest man in Asia in 2017 promised two more luxury homes to Orix Asia Capital Ltd on November 8 for undisclosed amounts, according to the property registry.
Local media HK01 said Tuesday that the total amount raised was HK $ 821 million.
One of the properties is worth HK $ 800 million, the realtor said, while the other is larger and, according to HK01, is worth HK $ 1 billion.
Source From: Ambito
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