Indebted China Evergrande to raise $2.2 billion from Xinjiang Guanghui stake sale

© Reuters. HONG KONG (Reuters) – Debt-strapped China Evergrande will raise 14.9 billion yuan ($ 2.23 billion) by selling a 40.96% stake in Xinjiang Guanghui Industry Investment Group to Shenergy Co (SS:), a Xinjiang Guanghui subsidiary said on Sunday. China Evergrande, the country’s most indebted property developer, will sell all the Guanghui stakes it had […]

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