Evergrande Property Services stake sale collapses
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Talks to sell a controlling stake in Evergrande Property Services have collapsed after liquidators of its bankrupt parent, China Evergrande Group, failed to reach a formal agreement with a prospective buyer, reports Caixin. The property-management firm announced the termination of negotiations midday Thursday, sending its Hong Kong-listed shares down 23.5% to close at HK$0.78 ($0.1). The […]
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