Find out how Asia Outbound can introduce you to new intermediaries for your project or services.
By Clare Jim and Marc Jones
SHANGHAI/LONDON, Oct 19 (Reuters) - China's property sector saw more drama on Tuesday as Evergrande shelved plans to sell a majority stake in its property services unit, Sinic formally declared default, and Kaisa was crunched by another credit rating cut.
Sources told Reuters that Evergrande, teetering on the brink of collapse with more than $300 billion in debt, had been forced to stall its proposed $2.6 billion, 51% stake sale to smaller rival...