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FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song

09 Dec 2021 09:59AM
(Updated: 09 Dec 2021 09:57AM)

HONG KONG : Shares of China Evergrande Group rose more than 5per cent on Thursday as hopes of a managed debt restructuring calmed fears of a messy corporate collapse after the developer missed a debt payment deadline this week.

Evergrande’s shares, which hit a record closing low on Wednesday, rose as much as 5per cent to HKUS$1.82.

(Reporting by Anne Marie Roantree; Editing by Christopher Cushing)

Source: Reuters

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