China: Evergrande unit to become main holder of Shenzhen Real Estate

China: Evergrande unit to become main holder of Shenzhen Real Estate

A logo of Evergrande Group is seen in front of a construction site in Guangzhou, Guangdong province, November 7, 2014. REUTERS/Alex Lee

China Evergrande Group said one of its units will become the major shareholder of Shenzhen Special Economic Zone Real Estate & Properties Group Co. after a proposed reorganization of assets.

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