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China Evergrande’s Billionaire Founder Sells Stake Price $343 Million

China Evergrande’s Billionaire Founder Sells Stake Price 3 Million

The founder and chairman of China Evergrande Group , Hui Ka Yan, has offered a big chunk of his shares within the cash-strapped property firm, elevating the equal of about $343 million.

A submitting Friday confirmed the sale, performed a day earlier, diminished Mr. Hui’s stake in Evergrande to 67.9% from practically 77%. The disclosure didn’t present who purchased the shares.

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