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China Evergrande Group in Negotiations to Sell Automobile and Property Management Businesses

China Evergrande Group in Negotiations to Sell Automobile and Property Management Businesses

Aug 11, 2021
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China Evergrande Group in Negotiations to Sell Automobile and Property Management Businesses
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(Source: Getty Images) 

Chinese real estate developer Evergrande Group is negotiating with both state-owned and private companies to sell stakes in the China Evergrande New Energy Vehicle Group and Evergrande Property Services Group, according to a source cited by Reuters in a Monday report.

Also on Monday night, Evergrande released a warning for its prof…

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