Trading in property giant China Evergrande's shares suspended - News Summed Up

Trading in property giant China Evergrande's shares suspended


Trading in property giant China Evergrande's shares suspendedChina Evergrande is struggling under a mountain of debt worth more than $300 billion. HONG KONG: Embattled property giant China Evergrande on Monday suspended trading in its shares on the Hong Kong stock exchange without giving a reason. "Trading in the shares of China Evergrande Group will be halted," it said in a statement to the exchange. "Accordingly, all structured products relating to the Company will also be halted from trading at the same time." Shares in its electric vehicle company, which last week scrapped a proposed Shanghai listing, were not suspended, though they fell six percent in early trade.


Source: Bangkok Post October 04, 2021 02:15 UTC



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