Evergrande Takes on Short Sellers

Evergrande is selling a stake in its property unit to a Chinese businessman, raising $400 million. This move affected share prices positively. The company plans to offload more assets to manage its debt, including its car sales platform and water business. Key dates include June 30th, when Evergrande aims to meet China's regulatory debt ratios.

What is Evergrande currently doing to address its financial issues?

Who is Wong in relation to Evergrande's financial dealings?

What impact did the sale of a stake in one of Evergrande's property units have on short sellers?

What types of businesses is Evergrande considering selling or spinning off?

What is the significance of the 'three red line ratios' mentioned in the text?