Shares in crisis-hit Chinese real estate giant Evergrande have jumped as trading in the firm resumed after being suspended in Hong Kong.
The company halted trading in its shares on Thursday as it confirmed that its billionaire founder was being investigated by authorities.
Evergrande shares soared by more than 40% in early trading on Tuesday before closing 28% higher.
Evergrande shares soared by more than 40% in early trading on Tuesday before closing 28% higher.
The latest share suspension came just a month after the firm’s previous 17-month trading halt was lifted.
“There is currently no other inside information in relation to the company that needs to be disclosed,” Evergrande said in a statement to the Hong Kong Stock Exchange on Monday, when the city’s market was closed for the National Day holiday.
In August, Evergande’s shares plunged by almost 80% when trading resumed after a suspension of more than a year and a half.
The firm’s stock market valuation has fallen by almost 99% since July 2020, with it shares now worth around HK$ 0.35 ($0.05; £0.04) each.
Shares in crisis-hit Chinese real estate giant Evergrande have jumped as trading in the firm resumed after being suspended in Hong Kong.
Evergrande shares soared by more than 40% in early trading on Tuesday before closing 28% higher.
The company halted trading in its shares on Thursday as it confirmed that its billionaire founder was being investigated by authorities.
The latest share suspension came just a month after the firm’s previous 17-month trading halt was lifted.
Evergrande shares soared by more than 40% in early trading on Tuesday before closing 28% higher.
Evergrande shares soared by more than 40% in early trading on Tuesday before closing 28% higher.
The latest share suspension came just a month after the firm’s previous 17-month trading halt was lifted.
“There is currently no other inside information in relation to the company that needs to be disclosed,” Evergrande said in a statement to the Hong Kong Stock Exchange on Monday, when the city’s market was closed for the National Day holiday.
In August, Evergande’s shares plunged by almost 80% when trading resumed after a suspension of more than a year and a half.
The firm’s stock market valuation has fallen by almost 99% since July 2020, with it shares now worth around HK$ 0.35 ($0.05; £0.04) each.
#Evergrande #Shares #crisishit #property #giant #jump #market #return
Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))
