Property News · June 7, 2022

Evergrande loses ally after state-owned China Railway puts its stake in real estate unit up for sale


China Railway Construction Investment Group said that it plans to sell 49 per cent of its equity in an Evergrande-controlled enterprise, Evergrande Real Estate (Shenzhen), for a minimum of US$398.8 million.

Source : South China Morning Post
Read more…Evergrande loses ally after state-owned China Railway puts its stake in real estate unit up for sale