Country Garden seeks to sell assets worth US$530mil in Guangzhou

HONG KONG: Embattled Chinese property developer Country Garden is selling properties in Guangzhou, aiming to raise 3.8 billion yuan ($530 million), according to an asset transaction platform.

The properties include a hotel resort, four office towers, a shopping mall as well as five rental apartment buildings, according to listings dated Jan. 19 on Guangzhou Enterprises Mergers and Acquisitions Services.