Shares of China Evergrande jump on progress in resuming home deliveries -Breaking
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© Reuters. FILE PHOTO – A man passes a sign stating No Entry near China Evergrande Group’s headquarters in Shenzhen. Guangdong Province, China, September 26th, 2021. REUTERS/Aly Song(Reuters) – China Evergrande Group shares jumped more than 8% Tuesday morning after the troubled property developer claimed it made some initial progress with resuming construction work.
Hui Ka Yan, the chairman of the company, pledged in Sunday’s meeting to deliver 39,000 properties by December, as opposed to 10,000 each month for the past three months.
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