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27

Evergrande Said to Hire Banks for $600 Million Share-Sale Plan

By Tony Seruga

Evergrande Chairman Hui Ka Yan Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd., pauses during the company’s annual results news conference in Hong Kong. Photographer: Jerome Favre/Bloomberg

Evergrande Real Estate Group Ltd., China’s third-biggest developer by assets, hired banks for a planned share sale that could raise at least $600 million, people with knowledge of the matter said.

Citic CLSA Securities, Credit Suisse Group AG and Haitong Securities Co. are working on the offering, the people said, asking not to be identified because the information is private. The sale could start as soon as Thursday in Hong Kong, they said…

Evergrande Said to Hire Banks for $600 Million Share-Sale Plan

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