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Property

Evergrande seeks investors for $1.1bn share sale to repay debt

China's biggest developer still faces 2021 deadlines on half of its borrowings

China Evergrande's borrowings are widely considered large enough to send ripples throughout China's $40 trillion financial system.   © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | China

HONG KONG -- China Evergrande Group, the nation's largest developer, is raising up to 8.43 billion Hong Kong dollars ($1.09 billion) in a share placement to pay down debt.

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