The Hong Kong Stock Exchange has resumed trading shares of the heavily indebted Chinese property developer Evergrande.
The Hong Kong market suspended Evegrande's shares from trading after the group's chairman and founder Hui Ka Yan became a target of criminal investigation on September 28.
Trading resumed on Tuesday after the group announced on Monday there was no more internal information to disclose.
Evergrande descended into financial crisis due to tightened government regulations and other factors.
The group filed for bankruptcy protection in the US, but negotiations toward reorganization have been difficult.
Adding to the chaos, multiple former executives of the group, including an ex-CEO, were reportedly detained by authorities.
The Hong Kong market suspended Evegrande's shares from trading after the group's chairman and founder Hui Ka Yan became a target of criminal investigation on September 28.
Trading resumed on Tuesday after the group announced on Monday there was no more internal information to disclose.
Evergrande descended into financial crisis due to tightened government regulations and other factors.
The group filed for bankruptcy protection in the US, but negotiations toward reorganization have been difficult.
Adding to the chaos, multiple former executives of the group, including an ex-CEO, were reportedly detained by authorities.
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Summary
Hong Kong Stock Exchange resumed trading for Evergrande shares following the group's announcement of no further internal information to disclose. Trading suspension was previously enforced due to criminal investigation against the company's chairman Hui Ka Yan on September 28. Evergrande, a
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ID: 87860d66-06b2-4dde-b9cf-7dd059a3d1dc
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20231003_15/
Date: Oct. 3, 2023
Created: 2023/10/03 18:53
Updated: 2025/12/08 22:59
Last Read: 2023/10/03 19:53