Shares of China Evergrande fall in early trade

📆 10/27/2021 5:02 AM
📰 ChannelNewsAsia

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HONG KONG : Shares of cash-strapped China Evergrande Group and its electric vehicle unit fell early on Wednesday after the country's state planner said it had advised companies in 'key sectors' to 'optimise' offshore debt structures.China Evergrande Group's stock dropped around 2per cent, while China Ever

HONG KONG : Shares of cash-strapped China Evergrande Group and its electric vehicle unit fell early on Wednesday after the country's state planner said it had advised companies in"key sectors" to"optimise" offshore debt structures.

China Evergrande Group's stock dropped around 2per cent, while China Evergrande New Energy Vehicle Group Ltd fell as much as 5per cent. China Evergrande Group is reeling under more than US$300 billion in liabilities, fuelling worries about the impact of its fate on global markets.

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