Evergrande to Sell Entire Stake in HengTen to Ease Debt Burden

The China Evergrande Center building sign is seen in Hong Kong, on Sept. 23, 2021. Tyrone Siu/Reuters

Cash-strapped China Evergrande Group will sell the rest of its stake in film and television streaming company HengTen Network Holdings for HK$2.13 billion ($273.5 million).

The world’s most indebted real estate developer is liquidating assets, even at a loss.