(Nov 26): A Hong Kong court has broadened an injunction against the ex-wife of China Evergrande Group founder Hui Ka Yan, adding US$220 million ($285.92 million) in assets across Canada, Gibraltar, Jersey and Singapore.
The ruling gives liquidators of the troubled developer more room to recover US$6 billion owed to creditors, with judge Russell Coleman issuing the decision in Wednesday’s hearing.
It marks a procedural win for the liquidators, nearly two years after Evergrande’s collapse in one of the world’s biggest corporate failures. Efforts to recover assets and repay creditors remain slow. Liquidators have increasingly targeted the wealth of key figures — including Hui, his ex-wife Ding Yu Mei, and former chief executive officer Xia Haijun — but have yet to return any funds to creditors.
The Hong Kong High Court first froze Ding’s assets in 2024, followed by a similar order from a UK court.
Court filings show Ding holds about C$137 million (US$97 million or $126.53 million) across three Canadian bank accounts, plus additional accounts in Gibraltar, Jersey, and Singapore worth more than US$220 million combined.
Uploaded by Tham Yek Lee
