The wife of China Evergrande’s billionaire founder paid millions of dollars for wealth management products issued by the property group, according to executives attempting to mollify retail investors fearful that they could lose their investments.
Ding Yumei, the wife of Hui Ka Yan, Evergrande chair and formerly China’s richest man, paid Rmb20m ($3m) for the company’s high-yield investment products on July 8, according to a purchase document that a senior executive showed investors this week.
Hundreds of shareholders have descended on the group’s Shenzhen headquarters to demand their money back on wealth management products, in a rare display of public anger.
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