China Evergrande said on Friday it had received approval from the Hong Kong exchange to spin off its property management business. Pictured is the Exchange Square complex in Hong Kong. Photo: Bloomberg China Evergrande said on Friday it had received approval from the Hong Kong exchange to spin off its property management business. Pictured is the Exchange Square complex in Hong Kong. Photo: Bloomberg
China Evergrande said on Friday it had received approval from the Hong Kong exchange to spin off its property management business. Pictured is the Exchange Square complex in Hong Kong. Photo: Bloomberg

Indebted developer China Evergrande gets approval to spin off property management business, raise fresh capital in Hong Kong

  • Spin off could help Evergrande raise up to HK$40 billion, analyst says
  • Company’s total debt amounted to 835.5 billion yuan as of June 30 this year

Topic |   Hong Kong property
China Evergrande said on Friday it had received approval from the Hong Kong exchange to spin off its property management business. Pictured is the Exchange Square complex in Hong Kong. Photo: Bloomberg China Evergrande said on Friday it had received approval from the Hong Kong exchange to spin off its property management business. Pictured is the Exchange Square complex in Hong Kong. Photo: Bloomberg
China Evergrande said on Friday it had received approval from the Hong Kong exchange to spin off its property management business. Pictured is the Exchange Square complex in Hong Kong. Photo: Bloomberg
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