Evergrande Liquidators Target Founder’s Assets in Key Stage (1)

More than a year after China Evergrande Group’s liquidators began pursuing the wealth of key defendants, the high-profile case is now entering a critical phase.

So far Hui Ka Yan, the founder of Guangzhou-based Evergrande, has refused to disclose his assets, escalating tensions between him and creditors. That’s adding to the challenges for liquidators who are preparing to hone in on the billionaire during a hearing scheduled on Sept. 2.

Liquidators are sifting through files and looking at some 3,000 entities related to Evergrande, just as the firm announced plans to delist in August. At the heart of the ...