As EVERGRANDE (03333.HK) stated that it had settled with China Guangfa Bank on the civil proceedings by the company on property preservation prior to litigation, shares of EVERGRANDE series bounced back broadly. EVERGRANDE resumed 8.6% to $7.86. EVERG VEHICLE (00708.HK), EVERG SERVICES (06666.HK) and HENGTEN NET (00136.HK) leaped 28%, 4% and 6.6%.
EVERGRANDE issued a statement, saying that the company has long been maintaining sound business partnership with China Guangfa Bank. In regards to the civil proceedings by the company on property preservation prior to litigation, both parties have settled the dispute smoothly upon adequate communication. The developer furthered that both sides will constantly solidify and deepen their business collaboration looking ahead, and will keep strengthening cooperation to achieve win-win outcome and joint development.
EVERGRANDE issued a statement, saying that the company has long been maintaining sound business partnership with China Guangfa Bank. In regards to the civil proceedings by the company on property preservation prior to litigation, both parties have settled the dispute smoothly upon adequate communication. The developer furthered that both sides will constantly solidify and deepen their business collaboration looking ahead, and will keep strengthening cooperation to achieve win-win outcome and joint development.