China Evergrande sells entire stake in streaming platform HengTen for $273 mln - NewsBreak
By Vivian in Business
Updated 2 years ago
HONG KONG, Nov 18 (Reuters) - Cash-strapped developer China Evergrande Group (3333.HK) said on Thursday it is selling its entire stake in film and television streaming company HengTen Network Holdings (0136.HK) for HK$2.13 billion ($273.5 million). Evergrande, the world's most indebted developer, said it would realise a loss of HK$8.5...
