Evergrande reported a net profit for 2016 of 17.62 billion yuan, a modest 1.6 per cent rise from a year earlier, due to its 11 billion yuan in perpetual bond interest payments last year. Photo: Reuters
Evergrande reported a net profit for 2016 of 17.62 billion yuan, a modest 1.6 per cent rise from a year earlier, due to its 11 billion yuan in perpetual bond interest payments last year. Photo: Reuters

Evergrande’s Hong Kong shares soar on imminent A-share listing

Investors rushing to buy because of the huge gap currently between company’s HK stocks and the expected valuation of its Shenzhen listing

Topic |   China stock market
Evergrande reported a net profit for 2016 of 17.62 billion yuan, a modest 1.6 per cent rise from a year earlier, due to its 11 billion yuan in perpetual bond interest payments last year. Photo: Reuters
Evergrande reported a net profit for 2016 of 17.62 billion yuan, a modest 1.6 per cent rise from a year earlier, due to its 11 billion yuan in perpetual bond interest payments last year. Photo: Reuters
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