China Evergrande Group is rushing to sell assets to repair its balance sheet. Under state pressure to strengthen its balance sheet, the developer has held talks to sell its interest in Hong Kong-listed car-making unit and property management arm.The Shenzhen-based firm is seeking to sell the 26-storey China Evergrande Centre in Wan Chai that serves as its headquarters in Hong Kong to mainland peer Yuexiu Property, Bloomberg and other mainland media reported last week.The trophy building, bought…
Source : South China Morning Post
Read more…What price can China Evergrande expect for its Hong Kong headquarters? Certainly not US billion, say analysts
