Evergrande News Reddit
So was the companys dollar bond due June 2025 which trades at about 70 cents on the dollar. Evergrande has operational problems more than liquidity problems said a portfolio manager in Hong Kong.
Shares of Hong Kong-listed Evergrande jumped as much as 88 to an almost two-week high in afternoon trade versus a gain of 01 gain in the benchmark.
Evergrande news reddit. Evergrande shares were little changed at the open in Hong Kong on Friday June 11. Evergrande bonds and shares have slumped in recent weeks amid a drumbeat of negative news from late payments on short-term debt by some of its affiliates to a media report that authorities are. That means Evergrande only has 166 million shares left it can buy back.
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More than 16 of the free float is held short according to IHS Markit Ltd and traders would need about 17. The recent selloff deteriorated yesterday after news that Evergrande may be forced to sell part of its. The stock had plunged 18 in the past month to its lowest since March 2020.
The ferrous complex was firm yesterday with a broad rally on a delayed reaction to Tuesdays news about more Brazilian mine suspensions. Reddit gives you the best of the internet in one place. As a comparison the company purchased 46 million shares since June 7 as the stock plunged.
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