Jinan Construction Engineering Group intends to transfer the creditor's rights assets including those of Evergrande Real Estate at the price of 2.799 billion yuan.

On August 10, Jinan Construction Engineering Group Co., Ltd. released an announcement, planning to transfer the creditor's rights assets and related interests held against Evergrande Real Estate Group Co., Ltd., its affiliates and other debtors.

The total original value of the underlying assets of this transaction amounts to 4.343 billion yuan, and the total transfer price after evaluation is 2.799 billion yuan.

The transferee is Jinan SDIC Park Operation Management Co., Ltd., whose controlling shareholder is Jinan State-owned Assets Investment Co., Ltd., and the actual controller is the State-owned Assets Supervision and Administration Commission of Jinan Municipality.

The arrangement of this transaction has been reviewed and approved by the board of directors of Jinan Construction Engineering Group, and the relevant contract will be signed soon.

This article is sourced from Viewpoint, and 36Kr publishes it with authorization.