Beijing: Troubled developer China Evergrande Group says it will sell its stake in an incomplete development near Shanghai for US$ 575mil( RM2. 41bil) as it scrambles to find cash to pay its mammoth debts. The real estate giant is drowning in US$ 300bil( RM1.26 trillion) 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
综合
星报-商业
2022-03-31 00:00:00.0