Original title: War investment warning lifted, Evergrande's stock price soared 14.8% Source: Leju Finance

Leju Financial News Yan ****On September 30, the volume of China Evergrande (3333.HK) rose sharply. By noon, the market had risen 14.8% to HK$18.94.

According to the news, Evergrande Real Estate signed a supplementary agreement on the 29th with the 86.3 billion war investment out of the 130 billion war investment. The war investment agreed to switch to long-term common equity holdings, and the share ratio remained unchanged. Of the remaining 43.7 billion yuan war investment, Evergrande has completed negotiations with the 15.5 billion war investment, and is currently going through the formalities. The 28.2 billion war investment is currently being discussed. It is expected that reaching a stock conversion agreement will be a probable event.

The strong investment in the 130 billion war is not unrelated to Evergrande's steady fundamentals. According to Evergrande's announcement, as of September 24, the company's cumulative sales of 504.9 billion yuan increased 11.4% year on year; sales payback of 452.1 billion yuan increased 51.3% year on year. Interest-bearing debt has dropped by about $53.4 billion from the end of March, and financing costs have dropped by 2.24 percentage points.

Earlier, investment banks such as Deutsche Bank, J.P. Morgan, UBS, Lyon, Bank of America, Nomura, Barack, Standard Chartered, DBS, Lianchang, and Huatai rarely voiced intensive support for Evergrande, believing that Evergrande's sales growth was strong, debt reduction had exceeded expectations, and the target price was HK$23.