Evergrande Sees Temporary Rebound in Share Price After Selling 11% Stake in Hong Kong Firm

Under the leadership of founder Xu Jiayin, center, Evergrande has expanded into a diverse range of business arenas. Now it is eager to shed some bulk. (Image: VCG) 

Following a tumultuous first half of 2021, China Evergrande Group rebounded during Monday trading at the Hong Kong Stock Exchange as it made moves to sell off assets and stabilize its debt-ri…