Property developer Evergrande to sell project in eastern China for $200m

Property developer Evergrande to sell project in eastern China for $200m

FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo/File Photo

Embattled property developer China Evergrande Group is selling the City Light Plaza project in the country’s eastern marine hub of Ningbo for 1.35 billion yuan ($200.54 million) to shore up its finances.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter