China government set to take control of Evergrande in an imminent deal – Asia Markets

In a fresh update on China Evergrande story, the indebted property development giant is likely to be restructured into three separate entities, in a fresh deal that could be announced within days, Asia Markets reports on Wednesday, citing sources close to the Chinese government.

The sources added that the Chinese Communist Party (CCP) is set to take control of Evergrande in an imminent deal.

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