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

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

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