Evergrande reduces Shengjing stake
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On Wednesday, China Evergrande Group disclosed that it will sell the majority of its stake in Shengjing Bank for RMB 10 billion.
In a filing to the Hong Kong Stock Exchange, Evergrande said that after the sale it will hold a 14.57% stake in Shengjing, down from 34.5% currently.
Shengjing is listed ...