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Tag Archives: China Evergrande

Evergrande Shares Fall 22% after Announcing Delay in Debt Restructuring Meeting Scheduled for Today

Evergrande has informed the Hong Kong Stock Exchange that it intends to delay a restructuring meeting because things are not going as planned. Shares of Chinese real estate company Evergrande Group fell up to 22% on Monday after the firm announced it would delay a debt restructuring meeting due today. According to data from MarketWatch, Evergrande shares are trading at HK$0.430, a 21.82% drop from its previous close at HK$0.550. In March, Evergrande announced plans for debt restructuring...

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