Hopson Development to buy Evergrande unit -Global Times, citing media reports By Reuters

© Reuters. FILE PHOTO: The China Evergrande Centre constructing signal is seen in Hong Kong, China September 23, 2021. REUTERS/Tyrone Siu/File Photograph

HONG KONG (Reuters) – Hopson Improvement plans to amass round 51% of China Evergrande’s property providers unit for greater than HK$40 billion ($5 billion), China’s World Instances newspaper mentioned on Monday, citing unnamed media reviews.

Shares of China Evergrande, Evergrande Property Companies Group and Hopson had been all suspended on Monday.

($1 = 7.7863 Hong Kong {dollars})

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