Evergrande halts share trading in Hong Kong pending announcement

Hong Kong (AFP) Oct 4, 2021

Embattled property giant China Evergrande suspended trading in its shares in Hong Kong on Monday pending an announcement on a "major transaction", as the firm struggles in a sea of debt and faces a default. The halt comes as reports said Hong Kong real estate firm Hopson Development Holdings planned to buy a 51 percent stake in Evergrande's property services arm. "At the request of the C