Chinese developer Evergrande Real Estate on Tuesday announced it is buying five projects from Hong Kong tycoon Cheng Yu-tung’s New World Development Group and Chow Tai Fook Enterprises for 20.4 billion yuan (HK$24.4 billion), in the latest instance of cash-rich mainland i
Source : South China Morning Post
Read more…Developer Evergrande tops Chinese businesses taking assets off Hong Kong tycoons
