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Evergrande profit surge brings share price gains to almost 400%

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Published Tue, Aug 29, 2017 · 09:50 PM

Hong Kong

CHINA Evergrande Group, the developer targeted by shortsellers this year for its high debt levels, resumed a run of share price gains after reporting a surge in profit and announcing a shift to a low-debt strategy.

The shares rose as much as 7.2 per cent in Hong Kong on Tuesday.

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