Shares in embattled Chinese developer Evergrande Group and its two subsidiaries were suspended from trading in Hong Kong on Thursday, after fears grew about its ability to restructure its mammoth debt and stave off a liquidation of the business.
The world’s most indebted real estate developer, which has total liabilities worth $514.26 billion ($USD328 billion) at the end of June, did not indicate a reason for the suspension in a filing to the stock exchange.
Its woes deepened this week, after the company warned on Sunday that its offshore debt restructuring plan may be in trouble because of a regulatory probe into its main subsidiary in mainland China.
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