Evergrande slashes $1bn top-up for cautious buyers

ZhouLi/WR.LILI - stock.adobe.com

China Evergrande Group this week tapped the equity capital markets for HK$4.3bn ($554.9m), making its first primary share sale in five years. But the fundraising did not go as planned, with the embattled property developer nearly halving its initial target after investors called for a smaller deal. Jonathan Breen reports.