Evergrande founder and chair Hui Ka Yan has reportedly been placed under police surveillance and the firm is being investigated by Chinese police.
Shares of embattled property giant China Evergrande Group were suspended in Hong Kong on Thursday following a report its billionaire chairman has been placed under police surveillance, adding to growing concerns over the developer’s future as it works to restructure and fend off the looming
specter of liquidation.Trading in shares of China Evergrande Group in Hong Kong were halted at 9 a.m. local time, according to aTrading shares for two Evergrande subsidiaries—China Evergrande New Energy Vehicle Group and Evergrande Property Services Group—were also halted at the same time, according to
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evergrande shares set to open down 3.8% amid uncertainty over debt revamp plan By ReutersEvergrande shares set to open down 3.8% amid uncertainty over debt revamp plan
Read more »
Evergrande shares rise despite mounting uncertainty over debt revamp planChina Evergrande Group's shares rose nearly 4% in early trading on Wednesday after their sharp recent declines.
Read more »
Asia markets slide as oil and Treasury yields climb, Evergrande shares suspendedOil popped over 3% to hit its highest level since August 2022, while the 10-year Treasury yield reached levels not seen since 2007
Read more »
Shares of China Evergrande suspended as chairman under police watch By ReutersShares of China Evergrande suspended as chairman under police watch
Read more »
Shares of China Evergrande suspended as chairman under police watchTrading in shares of China Evergrande were suspended on Thursday after a report its chairman had been placed under police surveillance, intensifying concerns over the developer's future as it struggles with a growing threat of liquidation.
Read more »