The Hoard Planet

Shares in the struggling property giant China Evergrande have fallen sharply after plans to offload a stake in one of its units for $2.6bn fell through, casting further doubt over whether it can avert the country’s biggest ever corporate failure. China Evergrande Group, the parent company for the sprawling empire built by former steel industry executive Xu Jiayin, closed down 12.54% in Hong Kong on Thursday…

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