9/28, 3:01 PM (Source: TeleTrader)
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Evergrande: Chairman under 'suspicion of illegal crimes'

China Evergrande Group confirmed on Thursday that Executive Director and Board of Directors Chairman Hui Ka Yan "has been subject to mandatory measures in accordance with the law due to suspicion of illegal crimes."

"Trading in the shares of the Company on the Stock Exchange has been suspended with effect from 9:00 a.m. on 28 September 2023. The trading in the shares of the Company will remain suspended until further notice," Executive Director Siu Shawn wrote in a filing submitted to the Hong Kong Stock Exchange.

Baha Breaking News (BBN) / MS