Cheng Yu-Tung, a Hong Kong tycoon and chairman of New World Development Company, invested $150 million – 3.9%
Kuwait Investment Authority invested $146 million, 3.8%
Five investment houses including Deutsche Bank and Merrill added $210 million, 4.4%
$506 million of the total promised investment was paid by June 29, the rest following soon.
In addition, the Evergrande is planning to raise money for another three projects in Guangzhou, Chongqing and Shanghai which will involve RMB8 billion for land purchase
Of the company’s 48 projects, three have been opened to other partners, including one in cooperation with Merrill Lynch.
Source: Trading Markets