Evergrande CEO dumped all dollar bonds before debt default, filings show

China Evergrande’s top insider sold his holding of dollar-denominated bonds issued by the developer in a series of transactions in August last year, before its liquidity crisis worsened and led to a debt default.Xia Haijun, vice-chairman and chief executive of the Shenzhen-based developer, sold US$50 million in face value of the notes due in 2022, US$50 million of the notes due in 2023 and US$28 million of the notes due in 2025, according to his new filings late on Wednesday.The bonds were sold…

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