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Ying Li divests 3.3b yuan stake in Chongqing CBD project

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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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