China’s Future Land Development Holdings said on July 25 a subsidiary of Seazen Holdings Co. has plans to sell equity interest in projects worth up to 15 billion yuan ($2.18 billion), reported Reuters.
Seazen has sold interests in 10 projects already for a total of 4.15 billion yuan ($600 million).
This comes after Future Land’s ex-chairman Wang Zhenhua was arrested for child molestation. The firm had replaced him with his 31-year old son, Wang Xiaosong.
