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Property News for 18 November 2021
Evergrande shares slip after deal to raise $273 million in a business sale
CNBC - 18 Nov 2021 04:15
China Evergrande is set to raise about $273 million by selling its remaining shares in film production and streaming company HengTen Networks, a filing said.
Evergrande default is highly likely, S&P says
CNBC - 18 Nov 2021 13:06
Highly indebted developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said.
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