Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong ...Middle East

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Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong
By ZEN SOO Associated Press HONG KONG (AP) — The Hong Kong stock exchanges says share trading of heavily indebted Chinese property developer China Evergrande Group has been suspended. The suspension follows a news report that the chairman of Evergrande, Hui Ka Yan, had been taken away earlier this month and placed under police watch. Shares of Evergrande closed at 32 Hong Kong cents on Wednesday. The company had resumed trading on Aug. 28 after a 17-month hiatus. The post Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong appeared first on News Channel 3-12.

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