Property News · November 7, 2016

Evergrande engineers A-share backdoor listing


Mainland property giant China Evergrande Group plans to engineer a backdoor listing on the A-share market, aiming to inject most of its real estate assets and other non-property businesses into the listed vehicle that would have a market value of nearly 230 billion yuan, according to a document for investors.
According to a document, obtained by the South China Morning Post, Evergrande, controlled by Hui Ka-yan, the mainland’s ninth-richest man with personal net worth of US$9.6 billion,…

Source : South China Morning Post
Read more…Evergrande engineers A-share backdoor listing

You may also like...