FILE - The Evergrande Group headquarters logo is seen in Shenzhen in southern China's Guangdong province on Sept. 24, 2021. Shares of debt-laden property developer China Evergrande Group soared Tuesday, Oct. 3, 2023, after they resumed trading in Hong Kong following a suspension last week. – Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week.
However, trading of shares in China Evergrande New Energy Vehicle Group remained suspended “pending the release of an announcement in relation to inside information” of the firm, a notice to the Hong Kong exchange said. Both units halted trading last week. Last month, Evergrande said in a filing that it had to delay a proposed debt restructuring meeting with creditors as “sales of the group have not been as expected by the company.”