Latest Breaking News On - Indebted evergrande - Page 1 : vimarsana.com

Troubled China Evergrande Group (恆大集團) yesterday said that it would sell its stake in an incomplete development near Shanghai for US$576 million as it scrambles to find cash to pay its mammoth debts. The real-estate giant is drowning in US$300 billion of liabilities, and has struggled to repay bondholders and investors after a clampdown by Beijing suddenly turned off the liquidity taps. Yesterday, the developer said it would sell the Crystal City Project, a vast commercial zone in Hangzhou, an eastern city outside of Shanghai, for 3.66 billion yuan (US$576.4 million). Part of the proceeds from the sale would go to repaying construction

Hong kongEvergrande new energy vehicle group ltdChina evergrande groupEvergrande groupEvergrande property services group ltdIndebted evergrandeCrystal city projectThe taipei times