Property News · May 31, 2017

What’s really driving Evergrande’s ever-surging share price?


China’s most indebted property developer has given its bearish investors a strong slap in the face.
It’s been record after record for China Evergrande Group, with its shares doubling in value in the past month, and tripling year-to-date.
The surge can be attributed to multiple factors, but chairman Hui Ka-yan’s ambition to defeat short-sellers, tapping his Hong Kong tycoon friends to pave the way for its planned listing on the mainland, is undoubtedly the key driver behind the…

Source : South China Morning Post
Read more…What’s really driving Evergrande’s ever-surging share price?

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