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Evergrande confirms police are watching chairman

No charges laid but move is another setback in Chinese property giant’s attempt to solve debt crisis

Evergrande Group chairman Hui Ka Yan attends a news conference on the property developer’s annual results in Hong Kong in March 2017. (Reuters File Photo)

HONG KONG – China Evergrande Group confirmed on Thursday that its chairman Hui Ka Yan had been subject to mandatory measures taken by Chinese police due to suspicion of “illegal crimes”.

Trading in the embattled property giant’s shares was suspended earlier in the day after a report that Hui had been placed…

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