Source: China – South China Morning PostChina Evergrande Group, faced with a second offshore bond payment in as many weeks, said it would sell part of its stake in a bank in north-eastern China to raise capital and unshackle itself from US$305 billion of liabilities.The Shenzhen-based developer signed an agreement to sell 19.93 per cent of Shengjing Bank for just under 10 billion yuan (US$1.55 billion) to Shenyang Shengjing Finance Investment Group, according to a Hong Kong exchange filing on Wednesday.The sale will trim Evergrande’s…Read More