China Evergrande Group’s former chief executive officer asked a Hong Kong court to significantly raise the cap on his living expenses to suit his lifestyle, adding a new twist to one of the country’s largest liquidation cases.
At a hearing on Friday, Xia Haijun’s lawyer said his client would like to increase his monthly expenses permitted by the city’s High Court to $43,000 from the current ceiling of HK$50,000 ($6,376.5). The latter is not enough considering Xia’s lifestyle and previous salary as Evergrande’s CEO, the lawyer added.
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