China Evergrande sells entire stake in streaming platform HengTen to ease debt burden - NewsBreak
By Olachi in Business
Updated 2 years ago
HONG KONG, Nov 18 (Reuters) - China Evergrande Group (3333.HK) is selling its entire stake in streaming services firm HengTen Network Group (0136.HK) to raise HK$2.13 billion ($273.5 million), as the cash-strapped developer boosts efforts to avoid a debilitating default on its debts. Evergrande, the world's most indebted developer, said...