Salem Radio Network News Tuesday, January 25, 2022

Business

Shares of China Evergrande jump on progress in resuming home deliveries

(Reuters) – Shares of China Evergrande Group jump more than 8% on Tuesday in morning trade, after the embattled property developer said it had made initial progress in resuming construction work.

Company chairman Hui Ka Yan vowed in a meeting on Sunday to deliver 39,000 units of properties in December, compared with fewer than 10,000 in each of the previous three months.

(Reporting by Clare Jim and Donny Kwok; Editing by Shri Navaratnam)

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