May 12, 2017 / 2:39 PM / 3 months ago

BRIEF-China Evergrande Group says unit entered into 10 project agreements

May 12 (Reuters) - China Evergrande Group:

* Hengda real estate, a subsidiary of co, its related subsidiaries and project co entered into 10 project agreements with fund manager

* Pursuant to agreements, fund will invest a total of approximately RMB10.85 billion

* Upon completion of investment, actual shareholding of group in project company will be diluted from 100% to approximately 62.96%.

* Fund manager is CIF (shenzhen) equity investment fund management company Source text for Eikon: Further company coverage:

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