News Snapshot:
A greenshoe option also exists, which if exercised would take the size of the stake sold from 15% to 17%. Published Tweet The offering comes after a run of setbacks for China Evergrande Group, the country’s second-biggest and most indebted property developer with some $124 billion in borrowings as of June. Evergrande Property Services Group’ s Hong Kong IPO priced at the lower end of expectations to raise $1.8 billion, three sources said, the tepid demand underscoring concerns about the financial health of its debt-laden parent. The offering comes after a run of setbacks for China Evergrande Group, the country’s...
