Chinese property developer Agile Group Holdings is selling stakes worth 7.05 billion yuan (US$1.08 billion) in seven property projects to Ping An Insurance Group, a move that should bring it much needed cash before a regulatory hurdle for borrowing takes effect and allow Ping An to deepen its footprint in China’s vast property market.Hong Kong-listed Agile is selling its interests in the developments, mainly in southern and east-central parts of mainland China, to a group of Ping An…
Source : South China Morning Post
Read more…Developer Agile sells stakes worth US.08 billion in seven Chinese property projects to Ping An to raise cash needed to dodge new borrowing restrictions















