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10/20, 3:54 PM (Source: TeleTrader)
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Evergrande files for resumption-of-trading approval

China Evergrande Group announced on Wednesday that it has requested from the Hong Kong Exchange to resume the trading of its shares.

The company issued a statement, explaining that there is "no guarantee" that it will be able to fulfill its financial obligations towards the creditors.

The company, whose debt is estimated at $300 billion, called for a trading halt on October 4.

Breaking the News / BU