Property News · January 2, 2017

Evergrande draws eight strategic investors for Shenzhen listing


China Evergrande Group, the country’s second-largest property developer, said it has introduced eight strategic investors to fund its back-door listing in Shenzhen.
The investors, who will contribute 30 billion yuan in total, will jointly own 13.16 per cent of the enlarged equity interest in Hengda Real Estate, a wholly owned subsidiary of Evergrande, according to a company filing to the Hong Kong stock exchange on Monday. After the deal, Evergrande’s core real estate business would…

Source : South China Morning Post
Read more…Evergrande draws eight strategic investors for Shenzhen listing

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