HONG KONG (Reuters). China Evergrande Group announced Friday that it had sold four stakes and its “right-to-debt” to two state-owned trust businesses for 2.13 Billion Yuan ($337.35 Million). This was in order to secure their construction as well the delivery of other projects.

While China is regarded as a top priority for social stability, the world’s largest property developer and most indebted in China are unable to finish projects or homes.

Evergrande stated that it had sold its interest and right of debt in Chongqing’s residential development to Everbright Trust, for 1.03 billion Yuan. It also sold stakes in Foshan housing development and Guangzhou theme park development to Minmetals Trust, for 1.1 million Yuan.

Buyers can take out debt related to the project by having the right to borrow. These trust companies are part of China’s shadow banking sector.

Trust firms will build and deliver properties for homebuyers. Any surplus will go to Evergrande to repay its initial capital.

Evergrande is able to recuperate around 1.95 Billion Yuan of its initial capital contributions and settle approximately 7 Billion Yuan of liability in these deals.

“The contribution amount recovered will have a positive impact on the group’s efforts in both debt settlement and guarantee of property delivery of other projects,” Evergrande said.

Evergrande has also been granted the rights to repurchase equity interests in the project.

Analysts predict that the state-owned enterprises will acquire more assets from cash strapped private developers. This is as Beijing intensifies efforts to control and stabilize China’s crisis-hit property industry, which makes up a quarter its economy.

Minmetals Trust purchased all equity in at least one Evergrande property in Kunming’s southern region last month, for 50 millions yuan. This is a rare situation in which trust companies take over distressed developers.

($1 = 6.3139 renminbi)