Evergrande founder Hui Ka Yan sold part of the property to solve the debt situation 
Chinese billionaire and Evergrande founder Hui Ka Yan sold part of the property solving the situation with the debts of the problem developer. According to China Business News, the entrepreneur has parted ways with some real estate and some art objects totaling $ 1.1 billion.
“Xu Jiayin is currently collecting money personally to continue Evergrande's operations,” said one from knowledgeable sources. Reuters clarifies that we are talking about the sale of three luxury homes and calligraphy from his personal collection. Hui Ka Yan is now worth an estimated $ 11.5 billion.