Evergrande to become second largest shareholder in Guanghui Group

Chinese real estate giant Evergrande Group will spend a total of 14.49 billion yuan (US$2.11 billion) to acquire 40.96% of the shares of Guanghui Group, becoming the company’s second largest shareholder, The Paper reported. Shareholders of Guanghui Group, excluding the controlling interest, have promised to transfer their 23.86% equity to the Evergrande Group for 6.68 […]