HONG KONG — Trading in shares of heavily indebted Chinese property developer China Evergrande Group was suspended in Hong Kong on Thursday, according to a notice on the Hong Kong stock exchange.
China Evergrande said in a notice on Thursday night that authorities had informed the firm that its chairman, Hui Ka Yan, had been subjected to “mandatory measures in accordance with the law due to suspicion of illegal crimes" and said that trading in the firm's shares was suspended until further no -- China Evergrande Group and its units suspended trading in Hong Kong, a day after people familiar with the matter said the property giant’s founder had been taken away by police.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street hopes for bounce-back, Coinbase CEO joins YF: Yahoo Finance LiveMarkets are looking to recover from a rough day of trading yesterday. The Dow saw its worst day of trading since March, dragged down by recent signals from the Fed and growing concerns over a government shutdown. In crypto, SEC Chair Gary Gensler is set to testify before the House over Bitcoin ETFs. Yahoo Finance has an exclusive interview with Coinbase CEO Brian Armstrong (COIN) at 3 p.m. ET to get his thoughts on the testimony and much more. Trending tickers today include Costco (COST), Amazon (AMZN), and Rivian (RIVN).Top guests today include:9 a.m. ET - Tom Forte, D.A. Davidson Managing Director, Senior Research Analyst9:20 a.m. ET - Takeshi Niinami Suntory Holdings CEO9:40 a.m. ET - Maya MacGuineas, Committee for a Responsible Federal Budget President10:40 a.m. ET - Isabella Casillas Guzman, SBA Administrator11:00 a.m. ET - Fmr. Sen. Byron Dorgan (D) North Dakota
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Coinbase CEO Brian Armstrong exclusive, Meta’s VR announcements: Yahoo Finance LiveIn an exclusive interview with Yahoo Finance airing at 3:30 p.m. ET, Coinbase (COIN) CEO Brian Armstrong calls out what he sees as “harassment” from the Securities and Exchange Commission. In tech news, Meta (META) is unveiling its latest virtual reality products. Other trending tickers on Yahoo Finance include NextEra Energy (NEE), Palantir (PLTR), and Pfizer (PFE).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Fmr. Rep. Joe Crowley, (D) New York3:20 p.m. ET - Jeremy Schwartz, WisdomTree Global Chief Investment Officer3:20 p.m. ET - Jeff Klingelhofer, Thornburg Investment Management Co-Head of Investments3:30 p.m. ET - Brian Armstrong, Coinbase CEO4:05 p.m. ET - Rep. Marc Molinaro, (R) New York4:15 p.m. ET - Daniel Morgan, Synovus Trust Senior Portfolio Manager4:30 p.m. ET - Tom Narayan, RBC Capital Markets Lead Equity Analyst, Global Autos
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Government shutdown looms, Nike earnings on tap: Yahoo Finance LiveRepublican Senator Rick Scott of Florida will discuss the state of play in Washington at 4:00 p.m. ET. On the earnings front, Nike (NKE) will be in focus when it releases its fiscal first quarter results after the market close. Trending tickers include Chicos (CHS), Workday (WDAY), and Jabil (JBL).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Tiffany Wilding, PIMCO Managing Director and Economist3:50 p.m. ET - Naveen Jaggi, JLL President of Retail4:05 p.m. ET - Sen. Rick Scott, R-Florida4:20 p.m. ET - David Swartz, Morningstar Equity Analyst4:30 p.m. ET - Mark Penn, Stagwell Chairman and CEO
Source: YahooFinanceCA - 🏆 47. / 63 Read more »