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China Evergrande to Sell $1 5 Billion Stake in Shengjing Bank to State Firm

China Evergrande to Sell $1 5 Billion Stake in Shengjing Bank to State Firm
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China Evergrande to sell $1 5 bln stake in Shengjing Bank to state firm

Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake in Shengjing Bank Co Ltd to a state-owned asset management company.

Hong kongStephen coatesHui ka yanKim coghillDonny kwokAnne marie roantreeThomson reuters trust principlesShengjing bankShengjing bank co ltdShenyang shengjing finance investment group co ltdChina evergrande groupChina evergrandeChairman hui ka yanThomson reuters trust

Shengjing Bank : China Evergrande to transfer $1 5 billion stake in Shengjing Bank to state firm

HONG KONG -Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan stake in Shengjing Bank Co Ltd to a state-owned. | September 29, 2021

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China Evergrande to sell $1 5B stake in Shengjing Bank to state firm

Cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company as it scrambles to raise funds.

Hong kongHui ka yanShengjing bankShengjing bank co ltdShenyang shengjing finance investment group co ltdChina evergrande groupChina evergrandeChairman hui ka yan

China Evergrande to transfer $1 5 bln stake in Shengjing Bank to state firm

Debt-laden China Evergrande Group said on Wednesday it planned to transfer 1.75 billion shares of Shengjing Bank Co Ltd for 9.99 billion yuan ($1.5 billion).

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