Evergrande Creditors Eye Megayachts, Private Jets, Mansions (1)

Hui Ka Yan’s 60-meter boat dwarfs almost everything around it in Hong Kong’s Gold Coast yacht club.

Moored a short walk from one of China Evergrande Group’s massive apartment complexes, “Event” is just one piece of Hui’s fortune that’s coming under increased scrutiny as his company struggles to make good on more than $300 billion of liabilities.

Event, the superyacht owned by Sky Great, a company linked to Evergrande, parked in Hong Kong on Oct. 29.

Source: Bloomberg

With Chinese authorities urging Hui to to use his own money to alleviate Evergrande’s market-roiling crisis, the property tycoon’s personal balance sheet has become a key variable for bond investors trying to game out how long the developer can stave off ...