Cash-strapped developer China Evergrande group is selling its entire stake in film and television streaming company Hengten network holdings for $273.5 million. The world's most indebted developer would realise a loss of one billion dollar from the sale of its stake in Hengten, in which Chinese gaming and social media giant Tencent holdings holds around a 20 percent share.

Cash-strapped developer China Evergrande group sells its entire stake in Hengten

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