Evergrande Property Services’ executive directors Wang Zhen (left), Hu Liang (centre) and An Lihong at a press conference to announce the launch of the company’s IPO. Photo: Handout
China Evergrande’s property management arm launching US$2 billion IPO as developer seeks to pare massive debt
- Evergrande Property Services’ IPO could raise as much as HK$18.17 billion if overallotment option is exercised
- Evergrande, China’s largest and most indebted developer, has total debt amounting to US$122.4 billion
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Evergrande Property Services’ executive directors Wang Zhen (left), Hu Liang (centre) and An Lihong at a press conference to announce the launch of the company’s IPO. Photo: Handout
