HONG KONG: Troubled Chinese property developer giant Evergrande and all its units suspended trading in Hong Kong Monday morning , according to a notice to the stock exchange.
Shares of Evergrande Property Services Group and China Evergrande New Energy Vehicle Group were suspended. Hengda held a meeting with creditors of the 4 billion yuan 2025 bond on Mar 18-19 to approve the payment of interests incurred between September 2020 to September 2021 to be made in September 2023.
The company has repeatedly said it will finish its projects and deliver them to buyers in a desperate bid to salvage its debts.
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