Chinese developer Evergrande to sell stake in property management unit for $3b

Chinese developer Evergrande to sell stake in property management unit for $3b

Reuters

CEG Holdings (BVI) Limited, a wholly-owned subsidiary of the real estate giant China Evergrande Group, will sell a 28 per cent stake in its property management unit Mangrove 3, Ltd to 14 companies for HK$23.5 billion ($3 billion).