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the latest news about xu jiayin’s ex-wife ding yumei.

according to bloomberg, a british court allowed xu jiayin's ex-wife ding yumei to withdraw 20,000 pounds (about 186,000 yuan) per month for living expenses in the uk. her assets were previously frozen due to a lawsuit by evergrande's liquidator.

on august 5 this year, china evergrande announced that the company's liquidator filed a lawsuit in the name of china evergrande in the hong kong high court against the company's chairman xu jiayin, former ceo xia haijun, former chief financial officer pan dayong, xu jiayin's ex-wife ding yumei and three affiliated entities of xu jiayin and ding yumei, seeking dividends and remuneration totaling approximately us$6 billion.

approved for a monthly living allowance of 20,000 pounds and a bank account in the uk with more than 4 million us dollars

on september 11, bloomberg reported, citing the latest ruling of a british court, that ding yumei, the ex-wife of xu jiayin, the founder of china evergrande, was allowed to withdraw up to 20,000 pounds per month for living expenses. according to court documents, ding yumei was allowed to pay monthly living expenses and pay up to 350,000 pounds in legal fees in august.

on the evening of august 5 this year, china evergrande issued an announcement stating that the company's liquidator, in the name of china evergrande, filed a lawsuit in the hong kong high court against the company's chairman xu jiayin, former ceo xia haijun, former chief financial officer pan darong, xu jiayin's ex-wife ding yumei, and three affiliated entities of xu jiayin and ding yumei, seeking dividends and remuneration totaling approximately us$6 billion. in this lawsuit, ding yumei's assets were frozen. the lawsuit accused ding yumei of illegally obtaining approximately us$359 million (approximately rmb 2.55 billion) in the form of dividends between 2018 and 2020 through two companies she wholly owned.

according to previous announcements, china evergrande's liquidators applied for multiple injunctions in the lawsuit, restricting xu jiayin, ding yumei and xia haijun from disposing, selling or reducing the value of their global assets beyond the relevant prescribed limits. the injunctions were first issued in hong kong on june 24 against xu jiayin and xia haijun, and gradually developed to include ding yumei.

in addition, according to a bloomberg report citing a court document on august 29, ding yumei has more than 4 million us dollars (about 28.446 million yuan) in a bank account in the uk and currently lives in a luxury apartment in london, which is part of thames city, a project developed by china chongqing land holdings co., ltd.

at present, neither ding yumei nor the lawyers of evergrande’s liquidator have commented.

evergrande is in constant trouble

since the outbreak of the liquidity crisis in 2021, evergrande's problems have continued to ferment, affecting the hearts of countless investors, creditors and ordinary home buyers. the purpose of the evergrande liquidator's legal action this time is to solve the company's debt problems and recover funds through legal means to alleviate liquidity pressure. since the outbreak of the crisis, its capital chain has been tight and multiple projects have been suspended, resulting in the loss of the interests of many home buyers.

in addition, many former executives of evergrande group were also fined by the china securities regulatory commission for suspected financial fraud and fraudulent issuance of corporate bonds. in march this year, evergrande's domestic entity, evergrande real estate, was warned by the china securities regulatory commission for suspected fraudulent issuance of public corporate bonds, including xu jiayin, xia haijun, and pan darong, and fined them between 47 million and 3 million yuan. at the same time, because xu jiayin made decisions and organized the implementation of financial fraud, the means were particularly bad and the circumstances were particularly serious, and xia haijun organized and arranged the preparation of false financial reports, the means were particularly bad and the circumstances were particularly serious, the china securities regulatory commission decided to ban xu jiayin and xia haijun from the securities market for life; pan darong was banned from the securities market for ten years.

in addition to official penalties, in june this year, xu jiayin also faced lawsuits in hong kong for defaulting on a debt of 5.3 billion yuan. creditors applied to take over and sell xu jiayin's properties in hong kong to pay off the debts.

it is worth noting that evergrande group's overseas creditors are also actively trying to recover debts through legal procedures in hong kong. evergrande's liquidation order was issued by the hong kong high court, and the evergrande liquidator quickly filed a lawsuit against evergrande's former auditor pricewaterhousecoopers. the lawsuit targeted pricewaterhousecoopers' "negligence" and "misrepresentation" in evergrande's financial statement reports for 2017 and the first half of 2018.