Today news
About the same in other media
China Evergrande shares briefly plunge more than 10%, after $2.6 billion asset sale falls through
Reading now: 444
cnbc.comBEIJING — China Evergrande shares briefly dropped more than 10% in opening trade on Thursday, after a deal to sell some of its assets to Hopson Development Holdings fell through.
Hopson shares traded more than 5% higher, while Evergrande Property Services briefly fell 9% in morning trade.
Heavily indebted Evergrande was in talks earlier this month to sell part of its services unit to Hopson, its smaller rival. However, Hopson announced late Wednesday that talks fell through to purchase a 50.1% stake in Evergrande Property Services. Evergrande confirmed the termination of the deal in a separate filing.
The deal would have been worth 20.04 billion Hong Kong dollars ($2.58 billion), according to filings.
Evergrande is China's second-largest
Read more on cnbc.comAbout this in other media
China, shipping and Brexit: why UK may face Christmas toy shortage theguardian.com /3 years ago
Despite crackdown, blockchain, metaverse going strong in China ambcrypto.com /3 years ago
Cash-strapped China Evergrande is offloading its private jets to US investors fnlondon.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
