Tag: HK:6666

China Evergrande calls off deal to sell stake in property unit falls

SINGAPORE— China Evergrande Group called off plans to sell a majority stake in its property-management unit for the equivalent of $2.6 billion, a major setback in the real-estate giant’s attempts to ease its liquidity crunch. The cash-strapped developer said Wednesday that it had planned to sell 50.1% of the profitable subsidiary, Evergrande Property Services Group Ltd.  6666, -8.01%, to […]

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