Evergrande Sells 4 Projects to State-Owned Firms for $337 Million

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, on Sept. 26, 2021. Aly Song/Reuters

HONG KONG—China Evergrande Group said on Friday it sold stakes and “right to debt” in four developments to two state-owned trust firms for 2.13 billion yuan ($337.35 million), in a move to ensure their construction goes ahead as well as delivery of its other projects.