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12/4/2023, 5:12 AM (Source: TeleTrader)
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Evergrande surges over 15% on hearing delay

The shares of the China Evergrande Group skyrocketed on Monday following the news that the hearing related to its possible liquidation has been pushed back yet again.

The property developer was given more room to figure out how to implement its restructuring plan that could potentially save it from liquidation, as a Hong Kong court shared that the hearing will be moved to January 29, 2024.

The company's stock jumped 15.55% at 4:56 am CET, going for 0.28 Hong Kong dollars apiece.

Baha Breaking News (BBN) / AY