Realty firm China Evergrande plans to sell bulk of commercial properties

Reuters

China Evergrande Group, the nation’s No.2 property developer by sales, will sell a bulk of its commercial properties in an effort to lower its debt ratio, a person with knowledge of the matter said on condition of anonymity.

Local media first reported Evergrande was selling around 200 properties including office towers, shops, hotels, shopping malls, hospitals and convention centres across China.

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