Evergrande Chairman Forced To Trim Stake As Default Seems Inevitable

National Mortgage Professional, Dec. 13, 2021–Katie Jensen
The chairman and co-founder of Evergrande, Hui Ka Yan (Xu Jiayin in Mandarin), has been forced to cut his stake from the company, according to filings from the Hong Kong Stock Exchange, causing shares to plummet 4.8% on Monday morning.