HONG KONG, Sept 28 — Embattled property giant China Evergrande suspended trading of its shares on the Hong Kong stock exchange on Thursday, according to notices posted by the...
HONG KONG, Sept 28 — Embattled property giant China Evergrande suspended trading of its shares on the Hong Kong stock exchange on Thursday, according to notices posted by the bourse.
Evergrande had only just resumed trading a month ago, after the company was suspended for 17 months for not publishing its financial results. China’s property sector is a key pillar of growth — along with construction it accounts for about a quarter of GDP — and has experienced a dazzling boom in recent decades.
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