China's Evergrande to Sell $1.5 Billion in Shengjing Bank Shares Amid Liquidity Issues

MOSCOW (Sputnik) - China's second largest property developer, Evergrande Group, will sell its shares in the Shengjing Bank for a total of 9.9 billion yuan (around $ 1.5 billion), the company said on Wednesday in a statement on the Hong Kong Stock Exchange.