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Shares of Evergrande services arm set to drop as trading resumes

Published August 3, 2023 Updated August 3, 2023 09:51am
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Photo: Reuters
Photo: Reuters
By Reuters
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HONG KONG: Shares of Evergrande Property Services Group are set to open 36.5% lower on Thursday as trading resumes after the stock was suspended since March 21, 2022.

Hong Kong court to hold hearings on China Evergrande restructuring plan in Sept

The property services unit of the world’s most indebted property developer, China Evergrande Group, said on Wednesday it has sufficient assets for its business operations and expects to maintain a growth level of revenue and net profit comparable to that of property service industry leaders.

Evergrande

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