Property News · June 1, 2017

Evergrande raises another US$5.78b, after selling a quarter of property subsidiary Hengda


China Evergrande Group, the country’s largest property developer by sales, raised 39.5 billion yuan (US$5.78 billion) in a second round of funding this year on Thursday morning, by selling stakes in one of its core property subsidiaries to a group of 13 investors, including Shenzhen-based Shen Yip Group.
Together with the first round, in April, Evergrande said it has raised a total of 70 billion yuan by selling a combined 26.12 per cent of the subsidiary, Hengda Real Estate, which is in…

Source : South China Morning Post
Read more…Evergrande raises another US.78b, after selling a quarter of property subsidiary Hengda

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