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China Evergrande communicates with Wuhan over repossessed land

China Evergrande communicates with Wuhan over repossessed land

FILE PHOTO: A crane stands at a construction site near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, Sept. 26, 2021. REUTERS/Aly Song/File Photo

Debt-laden developer China Evergrande Group is communicating with a Chinese municipal district in Wuhan City that repossessed 134,500 hectares (332,356.7 acres) of land formerly held by a unit of the group.

(This story has been corrected to fix repossessed land to 332,356.7 acres from 332.4 acres in paragraph 1)

Source: Reuters
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