Date
20 October 2017

Evergrande buys back HK$1.44 bln shares, paper says

Evergrande Real Estate Group Ltd (03333.HK), which saw good sales but poor stock performance last year, bought back more than 472 million shares for HK$1.44 billion (US$185.48 million) during the five trading days to Tuesday, Ming Pao Daily reported Wednesday without citing any source. It bought more than 354 million shares between Monday and Thursday last week and the rest yesterday, the report said. The shares are equivalent to 2.94 percent of its issued share capital. Evergrande held 41.97 billion yuan (US$6.92 billion) cash, the most since its listing, the report said, citing company data.

– Contact HKEJ at [email protected]

TL/AC/RA

 

EJI Weekly Newsletter

Please click here to unsubscribe