The home builder had been seeking to sell the China Evergrande Centre in Wan Chai that serves as its headquarters in Hong Kong for US$2 billion. Photo: Edmond So
The home builder had been seeking to sell the China Evergrande Centre in Wan Chai that serves as its headquarters in Hong Kong for US$2 billion. Photo: Edmond So

Evergrande suffers setback as debt-stricken developer fails to sell its US$1.7 billion Hong Kong office tower to Yuexiu Property

  • State-backed Yuexiu Property dropped its offer to buy Evergrande’s 26-storey office tower in Wan Chai over concerns about the embattled home builder’s hefty debts, Reuters reported
  • The decision to pull out came after the central bank criticised Evergrande for ‘poor management’ at a media briefing on Friday in Beijing

Topic |   Evergrande crisis
The home builder had been seeking to sell the China Evergrande Centre in Wan Chai that serves as its headquarters in Hong Kong for US$2 billion. Photo: Edmond So
The home builder had been seeking to sell the China Evergrande Centre in Wan Chai that serves as its headquarters in Hong Kong for US$2 billion. Photo: Edmond So
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