Shares of Evergrande have been suspended amid reports its chairman is under surveillance
Publishing timestamp: 2023-09-28 01:41:01
Summary
Evergrande's shares have been suspended again, and the chairman of the company has reportedly been placed under surveillance. The company reported a significant loss for the first half of the year, and its debt restructuring meeting with creditors has been delayed. Evergrande is also facing investigations and has applied for bankruptcy protection in the US. The company has been struggling with defaults and repayment issues.
Sentiment: NEGATIVE
Tickers: 3333-HK,
Keywords: breaking news: markets, real estate, china evergrande group, business news, breaking news: asia,
Source: https://www.cnbc.com/2023/09/28/chinas-evergrande-shares-suspended-in-hong-kong-.html