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

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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