China Evergrande Group (3333.HK) said late Friday that CIF (Shenzhen) Equity Investment Fund Management Co., Ltd. has agreed to invest 10.85 billion yuan (US$1.57 billion) in its 10 development projects.
The Hong Kong-listed developer said those development projects are in Chongqing, Chengdu and Shenzhen. The main purpose of introducing the fund as a cooperative partner for co-development is to provide sufficient capital support for the development of the project, it said.
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(END) Dow Jones Newswires
May 14, 2017 21:21 ET (01:21 GMT)