Chinese property tycoon Zhang Yuanlin loses $1 billion in Evergrande panic
Tue, Sep 21, 2021 7:35 AM

Chinese property tycoon Zhang Yuanlin loses $1 billion in Evergrande panic

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The boss of a Shanghai-based property developer lost over a billion dollars Monday, as tensions over the potential collapse of Chinese real estate giant Evergrande created panic across Hong Kong trading floors. Zhang Yuanlin, chairman of Sinic Holdings Group, saw his net worth declined from $1.3 bn Monday morning to $250.7 mn by the afternoon.

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