The liquidators of failed property developer China Evergrande have launched an effort in a Hong Kong court to recover $6bn from its founder Hui Ka Yan and other top company executives.
The legal proceedings, detailed in a filing to Hong Kong’s stock exchange late on Monday, mark the first public effort by the liquidators to recover assets from Hui since a judge ordered the winding up of Evergrande’s locally listed entity in January.
They could cast a light on Hui’s global assets and the degree to which they might be exposed to court decisions outside the Chinese mainland.
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