Evergrande Sells Guanghui Stake

Evergrande plans to raise $2.2 billion by selling a 41% stake in a Chinese investment company to Xenergy Group. Despite this, the company remains heavily indebted, with $120 billion in total debt. Evergrande owes $88 billion to banks and $35 billion to bondholders. To manage its debt, Evergrande is cutting apartment prices and persuading shareholders to waive debt payments. Additionally, it plans to spin off its property management unit for a stock listing in Hong Kong, potentially raising another $1 billion.

What amount is Evergrande planning to raise through the sale of an equity stake?

How much debt does Evergrande have as of the end of September?

What measures has Evergrande taken to raise cash during the National Day holiday?

Who are the strategic shareholders that Evergrande managed to persuade regarding the debt payment?

What is the potential amount Evergrande could raise from spinning off its property management unit?