The Business Times
business-time-50

Evergrande profit surge brings share price gains to almost 400%

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.

TRENDING NOW

From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

HDB said the listed price of S$2.18 million for the flat at 93B Telok Blangah Street 31 was “significantly higher” than comparable transactions in the area.

HDB reviewing ‘jumbo’ flat scheme after Telok Blangah unit listed for sale at S$2.18m

Japan becomes more valuable to Asean partners when that alliance increases Japanese capabilities without limiting its other relationships in Asia.

What role can Japan play in Asean’s future?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More