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Shengjing Bank

Cash-strapped Evergrande Group to sell $1.5 billion stake in Shengjing Bank to state…

Dustin Moskovitz Sep 30, 2021 0

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…

Business

Evergrande to Raise $1.5 Billion by Selling Bank Stake to State-Owned Firm

Dustin Moskovitz Sep 29, 2021 0

A Chinese state-owned enterprise struck a deal to buy most of China Evergrande Group’s EGRNF 5.00% stake in a commercial bank for $1.5…