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
December 9, 2021
HONG KONG (Reuters) – Shares of China Evergrande Group rose more than 5% 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 5% to HK$1.82.
(Reporting by Anne Marie Roantree; Editing by Christopher Cushing)
Source: One America News Network
