Evergrande Property Nabs HKD 23.50 Billion Strategic Investment

Aug 14, 2020 11:44 AM (GMT+8) · EqualOcean

Evergrande Property, a subsidiary of Evergrande Group, receives HKD 23.50 billion strategic investment to support the development of its property management business from Sequoia, CITIC, Yunfeng, and Tencent. Evergrande Group once announced at the end of July that it was considering splitting its property management services for an independent listing on the Hong Kong Stock Exchange. from 2017 to 2019, Evergrande’s property management service revenue was CNY 4.38 billion, CNY 4.07 billion, and CNY 3.02 billion.

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