Evergrande shares suspended from trading as liquidation concerns mount ...Middle East

By Laura He, CNN Hong Kong (CNN) — Shares in embattled Chinese developer Evergrande Group and its two subsidiaries were all suspended from trading in Hong Kong on Thursday, after fears grew about its ability to restructure its mammoth debt and stave off a liquidation of the business. The world’s most indebted real estate developer, which has total liabilities worth $328 billion at the end of June, did not indicate a reason for the suspension in a filing to the stock exchange. Its woes deepened this week, after the company warned on Sunday that its offshore debt restructuring plan may be in trouble because of a regulatory probe into its main subsidiary in mainland China. Two of the

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Last updated : 28 September 2023 clock 06:09 AM

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Evergrande shares suspended from trading as liquidation concerns mount ...Middle East

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