June 22, 2024

AndronETalksNews

AndronETalksNews

Shares of Chinese Estates pop as much as 15% after firm signals it could dump entire Evergrande stake

CNBC

By Eustance Huang – September 23, 2021

Hong Kong-listed shares of investment holding firm Chinese Estates surged on Thursday after the firm announced plans to potentially dispose of its entire stake in debt-ridden developer China Evergrande Group.

On Thursday morning, shares of Chinese Estates soared as high as 15.14%. Some of those gains were pared later in the session, but the stock still rose 5.5% on the day.

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