China Evergrande developer shares up 6.6% as restructuring approaches, according to Reuters
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HONG KONG (Reuters) – China Evergrande Group’s shares rose 6.6% on Tuesday as conflicting developers approached months of restructuring in global markets and the world’s second-largest economy.
Shares of Evergrand, which had a record high on Monday, would open for HK $ 1.93.
The world’s indebted developer said on Monday that it had set up a risk management committee, where officials from state entities would play an important role in “mitigating and eliminating future risks”.
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