HONG KONG: China’s Evergrande Real Estate said it is aiming for a mainland listing of its loss-making spring water unit, the third spin-off in one month that some analysts said will help boost the indebted property developer’s valuation.
The unit, called Evergrande Spring, had applied to list on China’s so-called New Third Board for small enterprises, the second-largest property developer by sales in the mainland said in a statement to the Hong Kong Stock Exchange.
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