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Indebted, the Chinese real estate giant Evergrande seeks a resumption of listing on the stock exchange

2023-10-02T13:52:45.452Z

Highlights: Trading on the group's share, symbol of the real estate crisis in China, had been suspended last Thursday. Evergrande requested their "recovery" from Tuesday "October 3, 2023 at 9 am," the company said in a statement. The company's boss is still suspected of breaking the law and under police surveillance, the statement said. The group is one of China's biggest property developers, with a market value of more than $1.2 trillion. It is also one of the most indebted real estate developers in the world, according to a report.


Trading on the group's shares, symbol of the real estate crisis in China, had been suspended last Thursday.


The indebted Chinese real estate developer Evergrande said Monday that it had requested a resumption of listing on the Hong Kong Stock Exchange, while its boss is still suspected of breaking the law and under police surveillance.

Trading on the group's share, symbol of the real estate crisis in China, had been suspended Thursday, but Evergrande requested their "recovery" from Tuesday "October 3, 2023 at 9 am," the company said in a statement.

More information to come...

Source: lefigaro

All business articles on 2023-10-02

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