Pedestrians walk along the bund as skyscrapers of the Pudong Lujiazui Financial District stand across the Huangpu River in Shanghai on December 28, 2018. Photo: Bloomberg

Minsheng sells Shanghai land stake at big discount after bond default

  • Minsheng sells holding in central Shanghai land site for US$1.8 billion, using the funds to pay off creditors
  • Minsheng agrees to 20 per cent discount to its asking price issued late January
Topic |   China property

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Pedestrians walk along the bund as skyscrapers of the Pudong Lujiazui Financial District stand across the Huangpu River in Shanghai on December 28, 2018. Photo: Bloomberg
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