Property News · October 3, 2016

China Evergrande to bring property unit back to mainland through backdoor listing


Hong Kong-listed China Evergrande Group is bringing its core property business back to the mainland Chinese stock market through the acquisition of a Shenzhen listed developer.
Shenzhen Special Economic Zone Real Estate & Properties will buy 100 per cent of the equity interest in Hengda Real Estate, the property unit of Evergrande, through issuance of A shares or cash payment.
Kailong Real Estate, the parent of Hengda Real Estate, will become the controlling shareholder of Shenzhen Real…

Source : South China Morning Post
Read more…China Evergrande to bring property unit back to mainland through backdoor listing

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