Evergrande chairman Hui Kayan says the acquisition of an enlarged stake in Shengjing Bank will generate a high investment return. Photo: Bloomberg

Mainland China developer Evergrande increases stake in Shengjing Bank

Evergrande to pay 10 billion yuan (HK$ 11.9 billion) to boost stake in Shenyang-based lender to 27.24 per cent

Topic |   China property

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Evergrande chairman Hui Kayan says the acquisition of an enlarged stake in Shengjing Bank will generate a high investment return. Photo: Bloomberg
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