Aerial view of China Evergrande's housing project Emerald Bay under construction in Tuen Mun on May 13, 2020. Photo: May Tse
Aerial view of China Evergrande's housing project Emerald Bay under construction in Tuen Mun on May 13, 2020. Photo: May Tse

Evergrande’s property service unit pays US$233 million to buy a rival to meet target of increasing 2020 profit by 50 per cent

  • Evergrande Property Services Group agreed to buy Ningbo Yatai Hotel Property Services for 1.5 billion yuan (US$233 million)
  • Yatai would add 940 projects serving two million homeowners to Evergrande’s portfolio

Aerial view of China Evergrande's housing project Emerald Bay under construction in Tuen Mun on May 13, 2020. Photo: May Tse
Aerial view of China Evergrande's housing project Emerald Bay under construction in Tuen Mun on May 13, 2020. Photo: May Tse
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