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China Evergrande opens higher after risk committee says will work with creditors – Metro US

China Evergrande opens higher after risk committee says will work with creditors

FILE PHOTO: The China Evergrande Centre building sign is seen
FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong

HONG KONG (Reuters) – Shares of embattled China Evergrande Group opened up 2.1% on Thursday, after the property developer said its risk management committee is utilising its extensive resources and will “actively engage” with its creditors.

The committee, which includes many senior officials from state-owned companies, was set up earlier this month.

(Reporting by Clare Jim; Editing by Christian Schmollinger)

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