Shengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle its debt to the bank.
Evergrande to sell $1.5B stake in Chinese bank as it scrambles to avoid debt default
Shengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle its debt to the bank.