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10/4/2021, 3:47 AM (Source: TeleTrader)
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Hong Kong exchange suspends trading of Evergrande

The Hong Kong Exchange suspended the trading of China Evergrande Group shares, as well as trading of all assets related to the real estate giant. The exchange didn't provide any further explanation on why it decided to take such action.

Previously, it was reported that Hong Kong officials aren't worried about Evergrande's potential collapse, dismissing the potential threat as "very minimal." The company found itself in more trouble last week as it reportedly missed a second deadline for bond payments.

Baha Breaking News (BBN) / OL