January 28, 2023

China Evergrande Scrapes Together More Cash From Tech Company Stake Sale

SINGAPORE— China Evergrande Group raised around $145 million in recent days by selling a chunk of its shares in a film production and internet-media company, scraping together more cash as additional bond-payment deadlines loom.

The property company sold a roughly 5.7% stake in Hong Kong-listed HengTen Networks Group Ltd. over the last three trading days, according to regulatory filings.

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