Country Garden get 2.8 bn yuan funding from new partner to finish project in Guangzhou

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Embattled Chinese property developer Country Garden introduced one more partner to resume the development of a commercial building in the city of Guangzhou, involving an injection of 2.8 billion yuan.

Guangdong Zhongwei, focusing on supply chain business, science and technology promotion and application services, has agreed to join the project, and the new partner is indirectly owned by Labour Union Committee of Zhongan Tianji (Beijing) Industry Holdings. According to the agreement, Guangzhou Zhongwei can . . .

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