Evergrande sells $1.5bn bank stake to state-owned enterprise
Debt-laden Chinese property developer faces worsening liquidity crisis as second interest payment due
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Evergrande sells $1.5bn bank stake to state-owned enterprise
FT.com
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Evergrande stock has soared 35% in the past week as the embattled property developer sells assets to pay its debts
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Evergrande plans to raise $1.5 billion by selling its stake in a Chinese bank to a state-owned enterprise, the company said..