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Debt-hit developer China Evergrande sells land for $1bn

The real estate behemoth has been involved in restructuring negotiations after racking up $300-billion in liabilities following Beijing's crackdown.

Debt-hit developer China Evergrande sells land for $1 bn

Debt-hit developer China Evergrande sells land for $1 bn
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Evergrande to sell Shenzhen commercial plot for $1 05 billion amid debt woes

China Evergrande Group said on Monday its unit has entered into a deal to sell a piece of commercial land in Shenzhen for 7.54 billion yuan , as the embattled property developer looks to shave off. | November 28, 2022

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