HONG KONG -- Embattled Chinese property developer Country Garden Holdings says it will sell its minority stake in a unit of Dalian Wanda Group, a fellow cash-strapped real estate and commercial conglomerate, to another Wanda company.
China debt crunch
China's Country Garden to sell stake in Wanda unit for $432m
Deal struck between two major embattled Chinese developers
Country Garden's wholly owned subsidiary Gold Ease Global will sell its 1.79% holding in Zhuhai Wanda Commercial Management Group to Zhuhai Wanying Enterprise Management, a Dalian Wanda Group company. (Source photos by Reuters)
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