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127 — Chinese Estates Holdings News Story

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Evergrande's major shareholder Chinese Estates shelves privatisation plans

Dec 17 (Reuters) - Chinese Estates Holdings  0127.HK , a
major shareholder of embattled developer China Evergrande
 3333.HK , said on Friday its proposal to be taken private by
British Virgin Islands-based Solar Bright Ltd would not proceed.

 (Reporting by Harish Sridharan in Bengaluru; Editing by Amy
Caren Daniel)
 ((Harish.Sridharan@thomsonreuters.com;))

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