Evergrande to Raise $1.5 Billion From New World, Investors

  • Securities are convertible into stock at HK$8.06 each
  • New World sold $2.1 billion projects to Evergrande this month

Evergrande Real Estate Group Ltd. will raise $1.5 billion by selling convertible securities to investors including New World Development Co., replenishing capital after an acquisition spree by the Chinese developer this year.

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