Country Garden Seeking Exit From Chinese Chipmaker CXMT, Sources Say bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Debt-laden property developer Country
Garden s venture capital arm is looking to sell its
stake in Chinese chipmaker ChangXin Memory Technologies for 2
billion yuan , Bloomberg News reported.
AS CHINESE property developer Country Garden Holdings struggles under a mountain of debt, its venture capital arm is considering selling its stake in a chipmaker that may become a target of United States sanctions.