Evergrande sells assets for $1.5 bn

12:12 - 29.09.2021


September 29, Fineko/abc.az. China’s development company Evergrande Group will sell shares of Shengjing Bank in the amount of 9.993 billion yuan (about $1.546 bn) to obtain liquidity, ABC.AZ reports with reference to company's statement.

According to the document, Evergrande will sell 1,753,157,895 shares at the price of 5.7 yuan per share (about 88 cents) to state-run company Shenyang Shengjing Finance Investment Group.

The statement says that this amounts to 19.33% of the existing issued share capital of Shengjing Bank.

 

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