China Railway Construction Investment Group to Exit Out of Evergrande Real Estate Shenzhen
Posted on 06/07/2022
China Railway Construction Investment Group has plans to sell 49% of its equity in an Evergrande-controlled enterprise, Evergrande Real Estate (Shenzhen), for a minimum of 2.66 billion yuan. The Shenzhen-based enterprise focuses on real estate development and housing rentals as well as interior home decoration. Upon completion of the sale, China Railway will exit Evergrande…
