China Evergrande’s liquidators have asked Hong Kong’s High Court to appoint receivers to identify and preserve the assets of company founder Hui Ka Yan, as they try to recover funds related to one of the world’s biggest corporate meltdowns.
While Hui didn’t attend the Tuesday hearing, he remains a key figure in the ongoing case. So far, Hui has refused to disclose his assets. Hui’s lawyer said that the receivership request was unjust and that liquidators have been hostile to his client.
Judge Herbert Au-Yeung reserved judgment Tuesday and said he would hand down a decision at ...
