China Evergrande sells entire stake in streaming firm HengTen for $273m

China Evergrande sells entire stake in streaming firm HengTen for $273m

FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo/File Photo

Cash-strapped developer China Evergrande Group said on Thursday it is selling its entire stake in film and television streaming company HengTen Network Holdings for HK$2.13 billion ($273.5 million).