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flag China Evergrande sells part of a Swedish property stake to cover debts, facing a significant loss.

flag China Evergrande's electric vehicle unit is selling a 20% stake in a Swedish property lessor for about $5.63 million to meet tax payments and other obligations. flag The sale is expected to result in a loss of about $2.98 million. flag Evergrande, the world's most indebted property developer with over $300 billion in liabilities, is battling a debt crisis.

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