Legal
Evergrande suffers setback as debt-stricken developer fails to sell its US$1.7 billion Hong Kong office tower to Yuexiu Property
China Evergrande has failed to sell its single largest asset to state-backed Yuexiu Property, Reuters reported, a huge blow to the debt-stricken developer’s frantic efforts to raise the funds it needs to survive. Guangzhou government-backed Yuexiu Property dropped a proposed US$1.7 billion offer to buy Evergrande’s 26-storey office tower in…
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Click here to read the full story: South China Morning Post