More Updates on China Evergrande Woes, Sells Crystal City Project

Posted on 04/04/2022

On March 30, 2022, China Evergrande Group agreed to sell its Crystal City Project in the eastern city of Hangzhou for 3.66 billion yuan to Zhejiang Zhejian Real Estate Group and Zhejiang Construction Engineering Group. Evergrande will use the proceeds to repay construction fees of 920.7 million yuan owed to Zhejiang Construction Engineering and the…

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