China Evergrande Group

China Evergrande Group sells entire stake in streaming company HengTen 

China Evergrande Group, the country’s second-largest property development business, has sold its 18% stake in streaming company HengTen Networks Group. Evergrande has agreed a HK$2.13 billion (US$273.5 million) sale, representing a loss of HK$8.5 billion, as the property developer struggles to avoid defaulting on its debts.  The departure represents a dramatic change for HengTen over […]