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Debt-laden property developer China Evergrande Group says it will sell 1.75 billion non-publicly traded domestic shares in Shengjing Bank, a regional bank, to a state-owned company for 9.99 billion yuan ($1.5 billion). ....
Evergrande stock has soared 35% in the past week as the embattled property developer sells assets to pay its debts businessinsider.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com.au Daily Mail and Mail on Sunday newspapers.