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China debt crunch

Dividend sweet talk fails to charm China Evergrande investors

Analysts speculate shareholders will get stock in EV unit

If China Evergrande distributes a major part of its holdings in Evergrande NEV as a dividend, it can remove the unit's debts from its balance sheet.    © Reuters

HONG KONG -- Investors are fleeing from China Evergrande Group despite surprise talk from the world's most indebted developer about a special dividend this week, as well as louder chatter about asset sales and debt reduction.

It simply has not been enough, though, to quiet worries about whether billionaire Chairman Xu Jiayin's luck may finally be running out.

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