![Apartment buildings and recreational facilities at China Evergrande Group's Life in Venice real estate and tourism development in Qidong](https://abc17news.b-cdn.net/abc17news.com/2021/10/hypatia-h_1d676ac6003da3a168fe7c1811ec924c-h_b07329f71c53a90b5471b972ed19aa27-300-375x225.jpg)
Evergrande could be about to sell its property management unit in scramble to raise cash
By Michelle Toh, CNN Business Shares in Evergrande were suspended Monday amid reports that a rival Chinese real estate developer was preparing to buy its property management business — a move that could inject much needed cash into the ailing conglomerate. Cailian News, a Chinese state-run financial news outlet, reported Monday that Hopson Development was
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