ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) organised the third edition …
Read More »Evergrande reduces debt with $9 billion stake sale
Bloomberg China Evergrande Group, once the country’s most-indebted developer, raised $9 billion from selling a stake in a property unit to further reduce its leverage. The sale will cut Evergrande’s stake in Hengda Real Estate to 63.5 percent from 73.9 percent, the company said in a filing to Hong Kong’s stock exchange on Monday. This is the third time Evergrande …
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