Property News · December 12, 2022

Chinese developer CIFI to sell shares worth US$327.8 million in property-management unit to ease liquidity crisis


CIFI Holdings Group is disposing of shares in a subsidiary to ease its liquidity crisis, the Chinese developer said on Monday, joining a flurry of asset sales by similarly indebted developers.

Source : South China Morning Post
Read more…Chinese developer CIFI to sell shares worth US7.8 million in property-management unit to ease liquidity crisis