Hui Ka Yan Raises $343 Million By Cutting Evergrande Stake For First Time Since IPO

Hui Ka Yan Raises $343 Million By Cutting Evergrande Stake For First Time Since IPO

Chinese billionaire Hui Ka Yan has cut his stake in Evergrande by 9.1%, raising HK$2.7 billion ($343 million) as the deeply indebted property developer continues its scramble for cash.