Evergrande Profit Surge Brings Share-Price Gains Closer to 400%
- Company pledges a switch to a new ‘low debt’ strategy
- Backdoor listing delayed to first half of 2018: analysts
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China Evergrande Group, the developer targeted by short sellers this year for its high debt levels, resumed a run of share-price gains after reporting a surge in profit and announcing a shift to a low-debt strategy.
The shares rose as much as 7.2 percent in Hong Kong on Tuesday.