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China: Evergrande suspends shares in Hong Kong as firm tries to raise cash
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China: Evergrande suspends shares in Hong Kong as firm tries to raise cash

Anthony CobyJanuary 3, 2022

Crisis-hit Chinese real estate giant Evergrande has suspended trade in its shares in Hong Kong as investors await news on its restructuring plan.The statement to the stock exchange did not give a reason for the trading halt.Evergrande has more than $300bn (£222bn) of debt and is scrambling to raise cash by selling assets and shares…

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