Chinese language real-estate billionaire Hui Ka Yan has stepped down as chairman of China Evergrande Crew ’s flagship belongings industry, months after the unit dropped plans for a multibillion-dollar listing at the mainland.

The chairman of Hengda Actual Property, the primary onshore subsidiary of Hong Kong-listed Evergrande, is now Zhao Changlong, trade registration data on Chinese language database supplier qcc.com confirmed Tuesday. It’s unclear precisely when the exchange took place.

Mr. Zhao, a former director of Hengda who prior to now served as its chairman till August 2017, has additionally taken over as the corporate’s common supervisor and criminal consultant, changing Ke Peng.

An Evergrande spokesman showed the strikes, describing them as “normal changes” after Evergrande terminated its plan to record Hengda in overdue 2020. He stated they might haven’t any have an effect on at the firms’ control and shareholding construction.

Mr. Hui, a rags-to-riches multi-millionaire who’s now one among China’s richest males, remains to be chairman of the entire crew, which owns 63% of Hengda.



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