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China debt crunch

Key Evergrande backer Chinese Estates looks to dump stake

Shares rise 18% despite disclosure by second-biggest shareholder

Joseph Lau and wife Kimbie Chan, now chief executive of his company Chinese Estates, seen in 2017.    © AP

HONG KONG -- Embattled China Evergrande Group looks set to lose one of its top supporters in another sign of vanishing confidence in the world's most indebted property developer.

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