China Evergrande Halts Stock Trading on Hong Kong Exchange... Reason Unrevealed
[Asia Economy Reporter Joselgina] Chinese real estate developer Hengda (Evergrande) announced through a disclosure on the Hong Kong Stock Exchange on the morning of the 3rd that it will suspend stock trading from that day. The reason for the suspension of stock trading was not disclosed.
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Hengda, which is effectively in default, also requested a trading suspension last October during the process of selling shares of its real estate management subsidiary, Hengda Property.
This content was produced with the assistance of AI translation services.
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