Shares in Evergrande dropped as much as 5.6 per cent on Thursday, marking another choppy day for China’s second-largest property developer.
The group’s share buybacks failed to stop its stock falling 6 per cent on Wednesday amid speculation that it is at risk of breaching limits on how many shares it can buy.
Evergrande has bought back 4.9 per cent of its shares in the past four weeks while the price has rallied 40 per cent, sparking concerns about potential market manipulation.
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