HONG KONG (Reuters) - Shares of China Evergrande Group rose more than 5% on Thursday as hopes of a managed debt restructuring calmed fears of a messy corporate collapse after the developer missed a debt payment deadline this week.
HONG KONG (Reuters) – Shares of China Evergrande Group rose more than 5% on Thursday as hopes of a managed debt restructuring calmed fears of a messy corporate collapse after the developer missed a debt payment deadline this week.
Evergrande’s shares, which hit a record closing low on Wednesday, rose as much as 5% to HK$1.82.
(Reporting by Anne Marie Roantree; Editing by Christopher Cushing)
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