Reuters: Evergrande eyeing $5 bln property unit sale; rival Fantasia misses payment

Mon October, 2021, Age: 2 weeks

China Evergrande is set to raise more than $5 billion by selling a majority stake in its property management arm, which would be its largest asset sale yet if it goes ahead. Evergrande is facing one of the country’s largest-ever defaults due to its debt of over $300 billion of debt, and the impact is global.

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Canton Fair participants said global inflation was the biggest risk for their businesses and many Chinese exhibitors said they were disappointed at the lack of foreign buyers. https://www.scmp.com/economy/global-economy/article/3152903/chinas-canton-fair-wraps-exporters-lament-lack-foreign

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