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China Evergrande shares rise, as it faces bond interest payment

EconomySep 28, 2021 09:56PM ET
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© Reuters. The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/Files

HONG KONG (Reuters) - Shares of embattled China Evergrande rose around 2% on Wednesday ahead of a deadline for an interest payment to offshore bondholders that gives the property developer its next test in public markets.

Evergrande missed a bond interest payment last week and has another coupon payment of $47.5 million due on Wednesday.

Shares of the company rose in early trade to HK$2.71.

China Evergrande shares rise, as it faces bond interest payment
 

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Comments (2)
Vu Truong
Vu Truong Sep 28, 2021 10:24PM ET
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Another bump and dump..
Mark Ramirez
Mark Ramirez Sep 28, 2021 10:13PM ET
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why would it rise before another possible default?
Kat Barry
Kat7 Sep 28, 2021 10:13PM ET
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Manipulation perhaps.
Matt Brackley
Matt Brackley Sep 28, 2021 10:13PM ET
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why do things of value fall before their rise?
Leo San
Leo San Sep 28, 2021 10:13PM ET
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Buy low sell high manipulations to drop stocke and all . Part of buy low sell high . So be happy thos headlines made many stock drop! Thst was yoir chances to load up
Jason Lee
Jason Lee Sep 28, 2021 10:13PM ET
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Bull trap by hedgies or dumb money
 
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