Sources say China Evergrande Group was forced to stall its proposed $2.6-billion stake sale to smaller rival Hopson Development after failing to win the blessing of the Guangdong provincial government
Fools rushed in to China Evergrande . The embattled Chinese real estate developer’s deals to sell its headquarters and property management arms may have run into political snags. Overpay for the assets and it looks like a bailout while a lowball bid invites cries of opportunism. Hesitant governments can hurt more than they help.
China Evergrande says Property Services stake sale terminated 933thedrive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 933thedrive.com Daily Mail and Mail on Sunday newspapers.