Evergrande sells property services stake for $513M

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https://www.scmp.com/business/banking-finance/article/3372681/evergrande-liquidators-sell-controlling-stake-property-services-unit-us513-million

Evergrande liquidators sell 51.016% stake in property services unit for US$513.6 million. Sale to PAG aims to recover assets for creditors owed US$46 billion. The property management arm was backed by bank deposits used as loan collateral.

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#property #services #investment #china

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