CHINA EVERGRANDE GROUP TO SELL 10% OF FCB TO 17 INVESTORS

Highlights –

• China Evergrande Group to sell 10% of FCB to 17 investors.
• The company’s online real estate and automobile marketplace will be sold for $2.10 billion.
• The company is doing so to raise funds ahead of the unit’s initial public offering (IPO).
• FCB is said to have a pre-financing valuation of over $22.92 billion.

On Monday, China&rs....