China Evergrande Co has spent HK$6.3bil (RM3.5bil) in a buyback spree since March 29, two days after short interest started climbing from a trough. Such battles between Evergrande and bearish investors have played out before
HONG KONG: The world’s most indebted developer is duking it out with short-sellers again.
China Evergrande Co has spent HK$6.3bil (RM3.5bil) in a buyback spree since March 29, two days after short interest started climbing from a trough. Such battles between Evergrande and bearish investors have played out before – and once more the developer is coming out on top.
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