China Evergrande Super Yacht: Arrives in Singapore!

China Evergrande Super Yacht: Arrives in Singapore!

ーLeaving Hong Kong on March 25th to Raffles Marinaー

China Evergrande superyacht:

A yacht owned by China Evergrande Group Chairman Hui Ka Yang has sailed to Singapore.

A yacht named EVENT:

– 60 meters (200 feet) yacht –

According to vessel data, the vessel named EVENT She left Hong Kong on March 25.

It was moored at Raffles Marina in Singapore on Thursday.
However, it is unclear whether Hui was on the yacht.

Bloomberg Billionaire Index:

Hui Ka Yang recently said he sold his private jet and house to support China Evergrande.

Hui Ka Yan, once the second richest man in Asia

According to Bloomberg’s Billionaire Index, his net worth plummeted by nearly 93% of his.

His fortune has dropped to around $3 billion from his peak of $42 billion in 2017.

Evergrande,
the real estate developer headed by Hui, is China’s most indebted developer with $300 billion in liabilities.

Evergrande
has been at the heart of China’s real estate troubles since 2021.

The company failed
to deliver its preliminary debt restructuring plan last year, leading to further concerns about its future.

As a result,
Evergrande defaulted on its US dollar bonds in December 2021 after scrambling for months to raise cash to repay creditors, suppliers, and investors.

Evergrande is massive,
with about 200,000 employees and more than $110 billion in sales in 2020.

It owns more than 1,300 developments in over 280 cities.

However, analysts have long been concerned that

a collapse of Evergrande could trigger wider risks for China’s property market, hurting homeowners and the broader financial system.

Real estate and related industries account for as much as 30% of China’s GDP.

Despite the ongoing turmoil,
the docking of Hui’s yacht in Singapore is raising eyebrows.

The yacht is valued at around $45 million (about HKD 350 million), according to VesselsValue estimates from 2021.

The docking of Hui Ka Yan’s superyacht in Singapore amidst Evergrande’s financial troubles

has raised questions about the chairman’s priorities.

While it is uncertain whether Hui was on board the yacht, the timing of its arrival has not gone unnoticed.

– Dimsum Daily

https://www.dimsumdaily.hk/superyacht-owned-by-china-evergrande-chairman-docks-in-singapore-amidst-financial-turmoil/

Yacht Owned by Evergrande Chairman Sails Into Singapore | Flipboard

https://flipboard.com/article/yacht-owned-by-evergrande-chairman-sails-into-singapore/f-068ab38fab%2Fbloomberg.com

China Evergrande Super Yacht : Arrive à Singapour !

ーDépart de Hong Kong le 25 mars vers Raffles Marinaー

Superyacht China Evergrande :

Un yacht appartenant au président du groupe China Evergrande, Hui Ka Yang, a navigué vers Singapour.

Un yacht nommé EVENT :

– Yacht de 60 mètres (200 pieds) –

Selon les données du navire, un navire nommé EVENT a quitté Hong Kong le 25 mars.

Il a été amarré jeudi à Raffles Marina à Singapour.
Cependant, on ne sait pas si Hui était sur le yacht.
Indice des milliardaires Bloomberg :

Hui Ka Yang a récemment déclaré avoir vendu son jet privé et sa maison pour soutenir China Evergrande.

Hui Ka Yan, autrefois le deuxième homme le plus riche d’Asie

Sa valeur nette a chuté de près de 93%, selon le Bloomberg Billionaires Index.

Sa fortune est passée d’un sommet de 42 milliards de dollars en 2017 à environ 3 milliards de dollars.

China Evergrande Super Yacht: Ankunft in Singapur!

ー Abfahrt von Hongkong am 25. März zur Raffles Marina ー

China Evergrande Superyacht:

Eine Yacht des Vorstandsvorsitzenden der China Evergrande Group, Hui Ka Yang, ist nach Singapur gesegelt.

Eine Yacht namens EVENT:

– 60 Meter (200 Fuß) Yacht –

Schiffsdaten zufolge hat ein Schiff namens EVENT Hongkong am 25. März verlassen.

Es wurde am Donnerstag in der Raffles Marina in Singapur festgemacht.
Es ist jedoch unklar, ob Hui auf der Yacht war.
Bloomberg-Milliardärsindex:

Hui Ka Yang sagte kürzlich, er habe seinen Privatjet und sein Haus verkauft, um China Evergrande zu unterstützen.

Hui Ka Yan, einst der zweitreichste Mann Asiens

Laut Bloomberg Billionaires Index brach sein Nettovermögen um fast 93 % ein.

Sein Vermögen ist von einem Höchststand von 42 Milliarden US-Dollar im Jahr 2017 auf etwa 3 Milliarden US-Dollar gesunken.