BRIEF-China Evergrande Group enters into strategic cooperation framework agreement

March 16 (Reuters) - China Evergrande Group:

* Entered into a strategic cooperation framework agreement

with Shenzhen Metro Group Co., Ltd and Shenzhen Metro Group

* Pursuant to which company has irrevocably entrusted voting

rights of 1.55 billion shares in a share capital of China Vanke

Co

* Company has pledged such China Vanke shares to Citic

Securities Co., Ltd. In connection with a financing arrangement

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