An exterior view of China Evergrande Centre in Hong Kong on March 26, 2018. Photo Reuters
An exterior view of China Evergrande Centre in Hong Kong on March 26, 2018. Photo Reuters
China property
Business /  Companies

China Evergrande sells Guanghui stake to Shenergy in asset disposal plan after breaching central bank’s ‘red lines’ on debt

  • China Evergrande said it would sell its 41 per cent stake in Xinjiang Guanghui for 14.9 billion yuan to Shanghai’s electricity generator Shenergy
  • Evergrande bought the Guanghui stake in 2018 for 14.5 billion yuan

Eric NgPearl Liu
Eric Ng and Pearl Liu

Updated: 10:43pm, 1 Nov, 2020

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An exterior view of China Evergrande Centre in Hong Kong on March 26, 2018. Photo Reuters
An exterior view of China Evergrande Centre in Hong Kong on March 26, 2018. Photo Reuters
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