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Ying Li divests 3.3b yuan stake in Chongqing CBD project

The commercial project, formerly known as the Ying Li Chongqing Financial Street Project, is located in Chongqing's Jiefangbei CBD and currently under construction.

MAINBOARD-listed Chinese property developer Ying Li International Real Estate said on Tuesday that it is selling its stake in a project in Chongqing's central business district to Shengyu (BVI) - part of China Evergrande Group - for 3.29 billion yuan (S$671.9 million).

Under the terms of...

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