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Evergrande Founder Sentenced to Life in Prison as Property Giant’s Collapse Reaches Landmark Stage
Hui Ka Yan, the founder of Evergrande, has been sentenced to life imprisonment following the collapse of the Chinese property giant that became one of the most prominent symbols of the country's prolonged real estate crisis. The court also ordered the confiscation of Hui's personal property, marking a dramatic conclusion to the criminal case against the businessman who once stood among Asia's wealthiest individuals. Hui, also known as Xu Jiayin, pleaded guilty earlier this ye
5 hours ago7 min read
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