China Evergrande shares jump after report’s upcoming restructuring plan By Reuters

© Reuters.

HONG KONG (Reuters) – Shares of struggling Chinese group Evergrande jumped nearly 12% early on Monday after a report said the Guangdong provincial government was considering issuing a debt restructuring master plan for China. by March which could also wipe out the group’s 60% stake. President.

Financial intelligence provider REDD said on Friday that the provincial government plans to separate the company’s offshore assets and sell them to pay off foreign debt. Evergrande is based in Guangdong.

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