Property News · September 28, 2020

China Evergrande faces possible snag in land deal as Shenzhen partner calls for care, more discussion on reorganisation plan


China Evergrande, the nation’s most indebted developer, faces another potential snag in an attempt to reorganise its sprawling property assets after its partner in Shenzhen called for care and patience in assessing the deal.Shenzhen Special Economic Zone Real Estate & Properties (Shenzhen SEZ), which is supposed to buy Evergrande’s unit Hengda Real Estate, suggested that it would not rush into an agreement despite four years having passed since the plan was first mooted.“The business…

Source : South China Morning Post
Read more…China Evergrande faces possible snag in land deal as Shenzhen partner calls for care, more discussion on reorganisation plan

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