Shares of embattled developer China Evergrande rise 5% in early trade By Reuters
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© Reuters. FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song
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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.
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