As a comparison the company purchased 46 million shares since June 7 as the stock plunged. 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.
The stock had plunged 18 in the past month to its lowest since March 2020.
Evergrande news reddit. Share on Facebook Share on Twitter Share on Reddit -Chinese construction sector crashes. 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.
Evergrande shares were little changed at the open in Hong Kong on Friday June 11. Popular-all-random-users AskReddit-funny-gaming-worldnews-explainlikeimfive-movies-news-todayilearned-pics-mildlyinteresting-tifu-IAmA-videos-askscience-aww-LifeProTips-TwoXChromosomes. 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.
So was the companys dollar bond due June 2025 which trades at about 70 cents on the dollar. The uLongjumping_College community on Reddit. More than 16 of the free float is held short according to IHS Markit Ltd and traders would need about 17.
That means Evergrande only has 166 million shares left it can buy back. Evergrande has operational problems more than liquidity problems said a portfolio manager in Hong Kong. The recent selloff deteriorated yesterday after news that Evergrande may be forced to sell part of its.
Apparently Evergrande Group Is Chinese For Lehman Brothers Superstonk
China Might Have The Ability To Save Evergrande But Do They Have The Ability To Save An Entire Industry And The Lendors To This Industry Superstonk
Zh China S Lehman Moment Approaching Evergrande Warns Of Default Risk From Cash Crunch Superstonk
Evergrande Is Getting Worse And Worse China Wut Doin Superstonk
Mobs Of Angry Evergrande Wealth Management Investors Begin To Protest Around China 13 09 21 Superstonk