Property News · June 6, 2017

Evergrande hits another high on aggressive debt repayment


China Evergrande Group shares hit another all-time high on Tuesday as the developer vows to repay all of its perpetual bond by the end of June.
Prices once surged by as much as 9 per cent in early trading in Hong Kong to touch HK$17.36, but tapered off at noon. The stock closed the day at HK$16.66, after rising 4.8 per cent, and with a market value standing at HK$217.4 billion.
The property giant, also the country’s most-indebted developer, said it had redeemed 70 per cent of its…

Source : South China Morning Post
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