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Evergrande's deal to sell a majority stake in its property services unit to smaller rival has been put on hold, report says

1 month ago   |   By Business Insider

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Evergrande's deal to sell a majority stake in its property services unit has been put on hold, Reuters reported.
The deal is with a smaller rival, Hopson Development Holdings, and was valued at $2.6 billion.
For now, it is paused as both firms await the blessing of the Guangdong provincial government.
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Evergrande Group's deal to sell a majority stake in its property services unit to a smaller rival has been put on hold, adding to the Chinese property developer's precarious position, Reuters reported...
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