{"id":22273,"date":"2021-09-29T01:05:31","date_gmt":"2021-09-29T01:05:31","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=22273"},"modified":"2021-09-29T01:05:31","modified_gmt":"2021-09-29T01:05:31","slug":"china-evergrande-pares-shengjing-bank-stake-for-us1-55-billion-as-distressed-developer-attempts-to-unshackle-itself-from-us305-billion-in-liabilities","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=22273","title":{"rendered":"China Evergrande pares Shengjing Bank stake for US$1.55 billion as distressed developer attempts to unshackle itself from US$305 billion in liabilities"},"content":{"rendered":"<p>Source: China &#8211; 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\u2019s\u2026<a href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3150508\/evergrande-pares-shengjing-bank-stake-raise-10-billion?utm_source=rss_feed\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; 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&hellip; <\/p>\n","protected":false},"author":0,"featured_media":22274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/22273"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22273"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/22273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/22274"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22273"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}