A $227 million (R4 billion) mansion in London which has been put up for sale just two years after it was last sold is owned by the founder of the floundering Chinese real estate empire Evergrande | BISouthAfrica
A R4 billion London mansion is for sale after its Chinese owner's net worth fell by 83% in 2 yearsThe facade of 2-8a Rutland Gate, thought to be the most expensive home ever sold in Britain.A $227 million mansion for sale in London is owned by Evergrande founder Hui Ka Yan, the FT reported.Hui saw his net worth plummet as he fire-sold assets when Evergrande defaulted on $300 billion debt.
Hui and Cheung are close business partners, the paper reported, with Cheung CC Land selling projects to Evergrande in China. The FT cited Land Registry documents showing a British Virgin Islands company called Vision Perfect Global Ltd bought the property from Curaçao-registered Yunak Property Corp in 2020.
Ding Yumei, Hui's wife, was recorded as holding 75% or more of a related company where two CC Land executives were named as directors, the paper added.
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