An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China.
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Evergrande shares jump after trading resumes
Just last week, the Chinese property firm announced that its director and executive chairman is under scrutiny over suspected crimes. Hui Ka Yan was “subject to mandatory measures in accordance with the law due to suspicion of illegal crimes,” Evergrande stated Thursday.
“The Board is of the view that there is currently no other inside information in relation to the Company that needs to be disclosed,” the company said in a more recent statement late…