Stock Groups

Shares of embattled developer China Evergrande rise 5% in early trade -Breaking

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HONG KONG (Reuters) – Shares of China Evergrande Group rose greater than 5% on Thursday as hopes of a managed debt restructuring calmed fears of a messy company collapse after the developer missed a debt fee deadline this week.

Evergrande’s shares, which hit a document closing low on Wednesday, rose as a lot as 5% to HK$1.82.

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