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Evergrande chief’s luxury assets in focus as his company scrambles to pay debts

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Reuters

By Julie Zhu and Clare Jim HONG KONG (Reuters) – As developer China Evergrande Group scrambles to meet its debt obligations, its founder is freeing up funds from luxury assets including art, calligraphy and two high-end homes, according to filings and a person with knowledge of the matter. Chinese authorities have told Evergrande chairman Hui Ka Yan, 63, to use some of his personal wealth to help pay bondholders, two separate people with knowledge of the matter told Reuters last month. Evergrande’s troubles in meeting bond repayments have rattled markets and left many of its investors, credito…

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