China Evergrande’s Chairman Hui is under police surveillance

Hui Ka Yan, this name is currently making currently making rounds on social media platforms. This name is one of the most trending names on Twitter (X) right now. Hui Ka Yan is a well-known Chinese businessman. He is one of the richest businessmen in China. Currently, he has been accused of crimes. He is in some legal trouble for the real estate magnate. He is under the custody because he is involved in some criminal activities. His community and friends are in a big shock regarding his arrest. Even his followers and business partners are also in shock and this is a big trouble for him. Read this whole article to know everything about Hui Ka Yan’s arrest.

Hui Ka Yan

Hui Ka Yan Wikipedia

Hui Ka Yan also known as Xu Jiayin. He was born on October, 9 in 1958. he was born in Taikang County, Zhoukou, Henan, China. He is a well-known Chinese businessman who. He is a billionaire who has an estimated net worth of approx $1.7 billion as of 2023. Hui is the chairman of the board and Communist Party secretary of the group Evergrande Group which is a Chinese real estate developer. he is the largest shareholder of Evergrande Group which holds almost 60% of stock according to 2021.

Hui Ka Yan’s Early Life

Hui Ka Yan was born in Taikang County, Zhoukou, Henan, China. he was born into a rural family who used to belong to Jutaigang Village. His father was a retired soldier who was one of the army soldiers who was present in the Second Sino-Japanese War. Later, he became a warehouseman in his village. When Hui was just 8 months old his mother passed away because of sepsis. Hui is a married man. he is married to DIng Yumei. He is the father of two children and his entire family resides in Guangzhou.

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Hui Ka Yan Accused: Legal Trouble 2023

The Chinese businessman, Hui Ka Yan is under arrest. He has been charged in the case of involvement in criminal activities. The company was announced to the Hong Kong Stock Exchange on 28th September 2023, Thursday. Evergarnde has claimed that the training in the company shares is going to be suspended. At the beginning of this month, police officially took Hui and put him under residential surveillance which is a type of arrest for the short of formal detention because of that he was in the headlines. And now again he is in the headlines because of his involvement in criminal activities. Proper information has not been shared yet.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging