According to corporate registry records, at least tow more developments of China Evergrande Group have been taken over by state-owned enterprises (SOEs).
The development came as the developer struggling to complete projects amid massive stockpile of debt.
Evergrande on January 26 transferred its control over a theme park called Evergrande Fairyland in the Nansha district of Guangzhou to Minmetals International Trust Co, according to the records.
Separately, on Feb. 11 Evergrande withdrew its stake in a residential development in Dongguan in Guangdong province, which is now under the control of China Everbright Group.
Minmetals Trust last month bought the equity in two projects from Evergrande for a total of 80 million yuan ($12.67 million), in a rare case where a trust company took over assets from a distressed developer.
