Evergrande sells stake in its internet unit
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China Evergrande Group is leaning on sell-offs to alleviate its cash flow problems.
On Sunday, Evergrande announced that it would sell 11% of Hong Kong-listed HengTen Networks Group Ltd. for a total of HKD 3.25 billion (USD 418 million).
Evergrande’s stake will be 26.55% after the sale, down from 3...