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Poker Pal of Evergrande Founder Heads for the Exit

Sep.27 -- The China Evergrande Group crisis continues. There are signs of deepening troubles for its founder Hui Ka Yan. One of his deep-pocket allies and a poker buddy Joseph Lau is heading for the exit. Chinese Estates Holdings Ltd., which is controlled by Lau’s family, sold HK$350.9 million ($45 million) worth of Evergrande stock on Monday days after saying it could unload its entire stake. Stephen Engle reports on "Bloomberg Daybreak: Asia."



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