[New post] Struggling firm Evergrande to raise $1.5bn as debt payment looms

manmadenews posted: " Chinese property giant Evergrande has said it is selling a $1.5bn (£1.1bn) stake it owns in a commercial bank, as it scrambles to raise money owed to customers, investors and suppliers. The almost 20% stake in state-owned Shengjing Bank is effecti" Respond to this post by replying above this line New post on manmadenews Struggling firm Evergrande to raise $1.5bn as debt payment looms by manmadenews Chinese property giant Evergrande has said it is selling a $1.5bn (£1.1bn) stake it owns in a commercial bank, as it scrambles to raise money owed to customers, investors and suppliers. The almost 20% stake in state-owned Shengjing Bank is effectively being bought back by the bank. It comes after Evergrande missed a bond interest […] Read more of this post This post is ad-supported ​ manmadenews | September 29, 2021 at 12:17 pm | Categories: Business | URL: https://wp.me/pcdawu-4yE Comment    See all comments    Like Unsubscribe to no longer receive posts from manmadenews. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://manmadenews.com/2021/09/29/struggling-firm-evergrande-to-raise-1-5bn-as-debt-payment-looms/ Thanks for flying with WordPress.com