China: Evergrande raises $5.8b ahead of backdoor listing of property unit

China: Evergrande raises $5.8b ahead of backdoor listing of property unit

China’s Evergrande Group, the country’s biggest home builder, said it is set to gain 39.5 billion yuan ($5.8 billion) from a second round of fundraising for most of its property assets which are slated for a backdoor listing in Shenzhen.

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