Chinese developer Evergrande in $617m deal to buy 50% in local arm of Great Eastern Life Assurance

Chinese developer Evergrande in $617m deal to buy 50%  in local arm of Great Eastern Life Assurance

Visual from the company website

Chinese property developer Evergrande Real Estate Group Ltd will pay $617 million for a 50 percent stake in a joint-venture life insurer, it said in a stock exchange filing on Sunday.

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