The real estate company has been struggling with payment difficulties for weeks.
(Photo: Reuters)
Frankfurt Trading in shares of the heavily indebted company China Evergrande was suspended on Monday in Hong Kong after some bondholders announced that the real estate company missed a second major interest payment on bonds. Evergrande Property Services Group’s shares have also been suspended, the Hong Kong Stock Exchange announced.
The exchange did not disclose why trading in the companies’ shares was suspended, and it was unclear who initiated the suspension. Evergrande did not immediately respond to a request for comment.
More: For weeks, the crisis surrounding the highly indebted real estate company has been worsening. It is now becoming apparent what a rescue of the group could look like.
Top jobs of the day
Find the best jobs now and
be notified by email.