SHANGHAI -- Shares of troubled China Evergrande Group rose on Tuesday, even as the property developer confirmed that it had been ordered to demolish 39 condominium towers and had fallen far short of its 2021 sales target.
Evergrande shares were suspended on Monday, but trading resumed after the company's statement during the midday break on Tuesday. The stock closed the day up 1.3% at HK$1.61.
