One of the largest developers of China, the Evergrande Group, suspended the trading shares on the stock exchange in Hong Kong, waiting for an announcement of a major transaction. It is reported by RIA Novosti.
“The company’s trade was suspended at 9:00 on October 4, 2021, in anticipation of the publishing company announcement containing internal information about a major transaction,” the Hong Kong Exchange statement says.
Earlier, China Evergrande Group announced the suspension of trade in shares and structured financial instruments belonging to the company.
The Asian Stock Market was under the blow due to the debt of the Developer China Evergrande and against the background of the crisis in connection with the distribution of the “Delta” -Shtamma coronavirus. During the trading of Hong Kong Index Hang Seng (HSI) reached a new 11-month minimum and decreased by 0.3 percent to the middle of the session, and the early growth of banks and real estate decreased slightly. The decline in profits led to the budget deficit.