Evergrande halts trading of its stock and subsidiaries, raising expectations of an overhaul in the world’s most indebted developer

//Evergrande halts trading of its stock and subsidiaries, raising expectations of an overhaul in the world’s most indebted developer

Evergrande halts trading of its stock and subsidiaries, raising expectations of an overhaul in the world’s most indebted developer

Trading was halted for the shares of China Evergrande Group and two of its units on the Hong Kong stock exchange on Monday, raising expectations of an impending announcement in the restructuring of the world’s most indebted property developer.Evergrande’s shares were halted along with the stock of the Evergrande Property Services Group unit and the China Evergrande New Energy Vehicle Group subsidiary, according to filings to the Hong Kong stock exchange, which gave no further details.Evergrande…

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By | 2022-03-21T04:58:49+00:00 March 21st, 2022|Business|Comments Off on Evergrande halts trading of its stock and subsidiaries, raising expectations of an overhaul in the world’s most indebted developer