Evergrande Extends Buying Spree With $2 Billion China Deals

  • Builder to buy four developments from New World China Land
  • Deal brings Evergrande deals this year to $6.8 billion

A wholly-owned subsidiary of Evergrande Real Estate Group Ltd. has agreed to buy 13.5 billion yuan ($2.1 billion) of assets from a unit of New World China Land Ltd., capping a multi-billion dollar shopping spree by the Chinese developer this year.

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