Posted inChina

Evergrande shares surge as collapse risk eases

Indebted Chinese property developer Evergrande Group’s shares rebounded strongly on Thursday (September 23) after group chairman Hui Ka-yan reportedly met 4,000 staff in a town hall meeting and called for accelerated property construction. The company’s shares surged 32% to HK$3 on Thursday morning but retreated in later trading hours to HK$2.67, up 17.6% from the […]