Debt-Laden China Evergrande Could Raise $600M by Selling Life Insurance Stake

Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance business. That’s according to Bloomberg Intelligence analyst Steven Lam, who says the developer’s 50% stake in Evergrande Life Assurance Co. …

from News – Insurance Journal https://ift.tt/3kQl5xL