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China Evergrande shares rise, as it faces bond interest payment

Published 09/28/2021, 09:49 PM
Updated 09/28/2021, 09:56 PM
© 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.

Latest comments

Another bump and dump..
why would it rise before another possible default?
why do things of value fall before their rise?
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
Bull trap by hedgies or dumb money
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