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.
