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Shares of China’s controversial developer Evergrande rose 5% in early trading by Reuters
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HONG KONG (Reuters) – China Evergrande Group shares rose more than 5% on Thursday as expectations of managed debt restructuring eased fears of a tumultuous corporate collapse after the developer lost its debt repayment period this week.
Shares of Evergrand, which hit a record high on Wednesday, rose 5% to HK $ 1.82.
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