In early trading today, shares of Evergrande real estate stocks rose across the board. As of press time, Jianyi Group rose 6.54%. During the session, it hit a daily limit. Jiayu shares rose 5.08% and Baoying shares rose 3.26%.
In the news, Evergrande Real Estate's backdoor Shenfang A restructuring plan will be announced before June 14. According to the data, Baoying Investment, a subsidiary of Baoying Shares, invested RMB 5 billion to invest in China Evergrande with a shareholding of 1.8657%. Evergrande Real Estate is the company's largest customer. Guangtian Investment, a subsidiary of Guangtian Group, invested RMB 5 billion to invest in China Evergrande, the largest supplier of Evergrande real estate renovation projects.
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