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CNN CNN Newsroom Live October 21, 2021 08:41:00

From tokyo with much more. celina, evergrande clearly hoping to sell a stake in the property service. that clearly didn t go through. hence why we are seeing the reaction on the stock front. this doesn t bode very well for the company and indeed the chinese property company. reporter: not at all, isa. this is a huge step back forever grand. while shares were halted, investors were waiting for the deal to go through with hop son development, another real estate firm in china to buy 51% stake for $2.6 billion, but they couldn t agree on the terms of the deal. and as you say, evergrande has been desperately trying to sell off different a isssets, but th haven t had much luck finding buyers. the big question is where does evergrande go from here and how does it sort through this mountain of $300 billion in liabilities. when i talk to analysts, they say they do expect beijing to ultimately bail out this company while making it look like it was done through the private sector. even though ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100712:13:56:00

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