The China Evergrande Centre is in Hong Kong.
Evergrande is trying to raise capital. The deal is worth over two billion Hong Kong dollars, with 20% due within five business days and the rest in two months, according to the filing.
The developer said in a filing with the Hong Kong stock exchange that it had reached an agreement to sell 1.66 billion HengTen shares to Allied Resources Investment.
The closing price Wednesday was 1.69 Hong Kong dollars a share.
The transaction is 18% of the issued shares. A filing shows that a subsidiary of Tencent agreed to buy a stake in the company from a subsidiary of Evergrande for 2.07 billion Hong Kong dollars.
A hit in China earlier this year, "Hi, Mom" was produced by a subsidiary of HengTen. It was the top-grossing movie by a female director in China at $838 million, according to Maoyan.
Evergrande was founded in the late 1990s as a real estate developer, before moving into industries such as new energy vehicles, life insurance and spring water.
