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Reuters: Evergrande eyeing $5 bln property unit sale; rival Fantasia misses payment

Mon October, 2021, Age: 10 months

China Evergrande is set to raise more than $5 billion by selling a majority stake in its property management arm, which would be its largest asset sale yet if it goes ahead. Evergrande is facing one of the country’s largest-ever defaults due to its debt of over  $300 billion of debt, and the impact is global.

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