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Evergrande shares up 42% as trading resumes

Evergrande’s shares have surged by 42% after the Chinese developer was readmitted to the Hong Kong stock exchange.

Trading in the shares of the indebted property group and its affiliated companies was suspended on Thursday following reports that its chair and founder Hui Ka Yan was under police surveillance.

On Friday, the group said he was under suspicion of involvement in “illegal crimes”.

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