Chinese authorities take over debt-ridden Evergrande’s massive Guangzhou football stadium: report

Chinese authorities take over debt-ridden Evergrande’s massive Guangzhou football stadium: report

Government-affiliated newspaper Global Times last week reported that the stadium’s land had been reclaimed by local government for auction, and that if no company submitted a bid it would be transferred to GCZI, the third largest holder of Evergrande shares, at its reserve price.

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