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China Evergrande rebounds from 6-year low, EV unit jumps most in 7 months

Reuters2021-08-27

** Shares of China Evergrande Group rise 5.4% to HK$4.46, the biggest daily percentage gain since Aug. 11 and rebounding from their lowest in over 6 years

** Stock of the China's debt-laden property developer is the second biggest percentage gainer on Hang Seng China Enterprises Index

** Evergrande is set to accelerate asset sales to raise cash, company sources and analysts said

** The provincial government of Guangdong, where China Evergrande is based, is seeking feedback from the debt-laden developer's major banks about forming a creditor committee, financial intelligence provider REDD reported on Thursday, citing two sources briefed by bankers

** Its electric vehicle unit China Evergrande New Energy Vehicle Group soar 23.2% to HK$6.38, the biggest daily percentage gain since Jan. 25

** The EV unit is on track to snap four straight sessions of losses and is the second biggest percentage gainer on the Hong Kong bourse

** The property management unit Evergrande Property Services Group jumps 6% to HK$6.15, the biggest percentage gainer on Hang Seng China Enterprises Index

** The Hang Seng Composite Index tracking properties and construction stocks gains 0.7%

** The Hang Seng China Enterprises Index surges 1.4% and the benchmark index climbs 0.8%

** Stock of China Evergrande Group had fallen 71.6% as of last close

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Comment15

  • VIN_C
    ·2021-09-04
    Nice 
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  • JimmySiew
    ·2021-08-27
    Good
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    • JonLucky
      Better
      2021-08-30
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  • AppleMango
    ·2021-08-27
    Hope it’s group can go thru the difficulty 
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  • JeJu
    ·2021-08-27
    Like
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  • nelson21
    ·2021-08-27
    Pls like and comment
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    • 2296c438
      Sure
      2021-08-27
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  • Lionel_yp
    ·2021-08-27
    Up up up
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    • FatKid
      Up!
      2021-08-27
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  • MuppyKoh
    ·2021-08-27
    Please like
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  • xiaobaii
    ·2021-08-27
    like & comment, thank you very much 
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    • AaronNg
      Okay
      2021-08-27
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  • SLKRD27
    ·2021-08-27
    More EV hype is good 
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    • xiaobaii
      like & comment, thank you very much
      2021-08-27
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  • Kc48
    ·2021-08-27
    Like n comment pls
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    • TeckLeong
      Liked and commented
      2021-08-27
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    • xiaobaii
      like & comment, thank you very much
      2021-08-27
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    • PBL77
      Ok
      2021-08-27
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  • unitlancer
    ·2021-08-27
    Pls like
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    • Moiii
      ok
      2021-08-27
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    • xiaobaii
      like & comment, thank you very much
      2021-08-27
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  • njkk
    ·2021-08-27
    Like  thanks
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    • AhPohPoh
      Ha
      2021-08-27
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  • BUBPLE
    ·2021-08-27
    Pls like and comment[Love you] 
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  • BUBPLE
    ·2021-08-27
    Aha! What will Tesla be in China[Serious] 
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    • ZEROHERO
      Leader of the packs?
      2021-08-27
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  • VIN_C
    ·2021-08-27
    Finally
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