In this article
BEIJING — Indebted property developer China Evergrande is set to raise about $273 million by selling its remaining shares in film production and streaming company HengTen Networks, according to a filing released ahead of the market open Thursday.
Shares of Evergrande fell more than 1% in morning trade Thursday. HengTen shares jumped 23%.
Evergrande, the largest issuer of U.S. dollar-denominated debt among Chinese real estate developers, has teetered on the edge of official
Read more on cnbc.com