Property News · October 4, 2016

Evergrande’s bid for A-share status likely to face tough regulatory scrutiny, analysts say


China Evergrande Group may have unveiled an ambitious plan to carry out a backdoor listing of its core property assets on the mainland Chinese stock market, but analysts said the move is likely to face major regulatory challenges.
The country’s second largest developer, listed in Hong Kong, said on Monday it will become the controlling shareholder of Shenzhen Special Economic Zone Real Estate & Properties (Shenzhen Real Estate), after injecting its property unit into the state-owned…

Source : South China Morning Post
Read more…Evergrande’s bid for A-share status likely to face tough regulatory scrutiny, analysts say

You may also like...