Property News · August 5, 2022

China Evergrande cancels land deal for US$818 million refund to overcome liquidity crisis, end grandiose football stadium plan


Distressed developer seeks a refund from the local government by surrendering land-use rights in Guangzhou, ending a plan to build a football stadium larger than Camp Nou in Barcelona.

Source : South China Morning Post
Read more…China Evergrande cancels land deal for US8 million refund to overcome liquidity crisis, end grandiose football stadium plan