High-Stakes Real Estate Moves

In a bold move that has caught the attention of the global financial community, the ex-wife of Evergrande’s chairman, Hui Ka Yan, has invested $67 million in luxury London apartments. This purchase occurred in September 2022, nearly a year after Chinese authorities urged Hui to utilize his personal fortune to settle Evergrande’s mounting debts.

A Portfolio Worth Millions

Ding, the ex-wife, has amassed a global real estate portfolio exceeding $350 million, including a historic mansion in central London and properties in Vancouver. The recent acquisitions in London are held through five British Virgin Islands companies, showcasing a sophisticated investment strategy.

Legal and Financial Tangles

With Evergrande’s collapse and the subsequent asset freeze, Ding’s financial maneuvers have come under scrutiny. Court documents reveal her residence in a £5.4 million home, shared with family, while legal battles over asset management and dividend reclaims loom large.

The Fall of a Real Estate Giant

Evergrande’s default in 2021 marked a pivotal moment in China’s property crisis, with over $20 billion in offshore debt. The company’s liquidation order last year has set off a complex legal pursuit to recover billions from Hui, Ding, and other executives.