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The Independent UK
The Independent UK
National
Zen Soo

Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong

Evergrande Hong Kong China Evergrande Group
Copyright 2021 The Associated Press. All rights reserved

Share trading of heavily indebted Chinese property developer China Evergrande Group was suspended in Hong Kong on Thursday, according to a notice on the Hong Kong stock exchange.

The suspension comes after Bloomberg News reported that the chairman of Evergrande, Hui Ka Yan, had been taken away earlier this month and placed under police watch according to people with knowledge of the matter.

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