has been placed under police surveillance, Bloomberg News reported on Wednesday , ratcheting up pressure on the embattled developer whose outlook has already darkened significantly this week.
It was not clear why Hui was placed under residential surveillance, Bloomberg News said, adding the move was a type of police action that falls short of formal detention or arrest and does not mean Hui will be charged with a crime. The company rattled markets afresh when it said on Sunday it could not issue new bonds as part of its offshore debt restructuring plans because of a regulatory investigation into its main Chinese unit, Hengda Real Estate.
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