A former advisor to the Chinese central bank made comments about organizational restructuring at China Evergrande, with plans to split the parent group into four units.
China Evergrande will be split into four parts: real estate development, finance, electric vehicles and other commercial enterprises.
This was according to a report by Hong Kong media «The Standard» which cited ex-advisor of the People’s Bank of China David Li Daokui.
The four parts are expected to be sold to individual companies and even local governments, Li said.
