Evergrande chairman's $89m Hong Kong mansion seized by lender

Evergrande chairman's $89m Hong Kong mansion seized by lender

FILE PHOTO: China Evergrande Group Chairman Hui Ka Yan attends a news conference on the property developer's annual results in Hong Kong, China March 28, 2017. REUTERS/Bobby Yip

A mansion belonging to embattled China Evergrande Group’s chairman in Hong Kong‘s prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), local online news outlet HK01 reported on Thursday.

The report did not say when the 5,000 square-foot (465 square-metre) mansion, which HK01 said was valued at HK$700 million ($89 million), was taken over by the bank.

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