China Evergrande Group exited its stake in internet company HengTen Networks Group, raising a further HK$2.13 billion (US$273 million) as the embattled developer faces deadlines to pay overdue interest on its debt next week.Evergrande sold 1.66 billion shares of HengTen to Allied Resources Investment Holdings at HK$1.28 a share, representing a 24.3 per cent discount to its closing price on Wednesday, according to a Hong Kong stock exchange filing on Thursday.The world’s most indebted developer,…
Source : South China Morning Post
Read more…China Evergrande raises US3 million with exit from HengTen as creditors await payments on local and offshore debt
