Evergrande Real Estate Group, the Guangzhou-based developer that scrapped a March initial public offering to raise up to HK$16.58 billion, has secured new funding from two of its pre-listing investors while a third - Temasek Holdings of Singapore - refused to chip in more capital, market sources said.
But negotiations between Evergrande and Temasek, which manages the Singapore government's direct investments, were ongoing, a source said.
Evergrande Real Estate Group, the Guangzhou-based developer that scrapped a March initial public offering to raise up to HK$16.58 billion, has secured new funding from two of its pre-listing investors while a third - Temasek Holdings of Singapore - refused to chip in more capital, market sources said.
But negotiations between Evergrande and Temasek, which manages the Singapore government's direct investments, were ongoing, a source said.