** Shares of China's most indebted property developer
fall 3.2% to HK$5.09, the lowest since Jan 2017
** Stock, which climbed as much as 2.7% earlier in the session after a deal to sell a unit's stake, set for sixth straight session of losses
** Concern over debt and worry of more government policies to guide the industry continue to drive investors away - Steven Leung, a sales director at UOB Kay Hian
** Evergrande Group has agreed to sell stakes in its internet unit HengTen Networks Group Ltd worth a total of HK$3.25 bln ($418.2 mln), an exchange filing showed on Sunday
** Evergrande will sell a 7% HengTen stake at HK$3.20 per share to a unit of Tencent Holdings for HK$2.07 billion and a 4% stake to an unidentified buyer for HK$1.18 billion
** HengTen shares soar ~55% to HK$5.30, the highest since July 13, and on course for best day since Feb. 16
** HengTen is the biggest pct gainer on HK bourse and the Hang Seng sub-index tracking information tech firms
** The Hong Kong Hang Seng sub-index tracking information technology firms falls 1.7%, and the Hang Seng Tech Index eases 1.2%
** The Hong Kong Hang Seng sub-index tracking property cos
slips 0.3%, and the benchmark index slides 0.4%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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