SINGAPORE—Money-strapped property huge China Evergrande Group said It is going to promote its complete stake in An group That provides on-line video-streaming and Internet house providers for the equal of $273 million, closing a chapter in a six-yr enterprise enterprise with internet behemoth Tencent Holdings Ltd.
Evergrande said Thursday it has agreed to unload its remaining 18% stake in HengTen Internetworks Group Ltd. at round a 24% low cost to the Hong Kong-listed agency’s inventory worth a day earlier. The developer, which recently reported round $300 billion in liabilities, and has been scrambling to promote belongings to make curiosity funds and maintain away from defaulting on its worldwide bonds.