Property News · April 12, 2017

Evergrande’s Hong Kong shares soar on imminent A-share listing


Shares in China Evergrande Group, the country’s largest homebuilder, again touched a new all-time high in Hong Kong on Wednesday as the market anticipates the property giant’s planned A-share back-door listing to be completed soon.
Investors are rushing to buy the Hong Kong stocks because of the huge gap currently between those, and the expected valuation of its Shenzhen listing.
The heavily indebted developer’s leverage is also set to decline for the first time in many years…

Source : South China Morning Post
Read more…Evergrande’s Hong Kong shares soar on imminent A-share listing

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