China Evergrande to resolve $511 million trust loan with state help -sources
BEIJING/HONG KONG, March 22 (Reuters) – China Evergrande Group (3333.HK)plans to return land set aside for collateral for a trust loan from CITIC Trust Co to the Guangzhou government, two sources familiar with the matter said on Tuesday, in a workout arrangement that could be replicated in other parts of China’s indebted property sector. The deal […]
