Huarong to Sell Ant Unit Stake

Bloomberg Markets and Finance published this video item, entitled “Huarong to Sell Ant Unit Stake” – below is their description.

Aug.03 — Fresh developments are underway for two of China’s debt headaches. China Huarong Asset Management Co. is planning on selling its stake in Ant’s consumer finance unit, while China Evergrande Group’s issues are deepening after yet another ratings cut from Moody’s. Bloomberg’s Rebecca Choong Wilkins reports on “Bloomberg Daybreak: Asia.”

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