China Evergrande and Real Estate Services Unit – HKEX shares suspended

HONG KONG, Oct.4 (Reuters) – Trading in shares of heavily indebted China Evergrande was suspended Monday after it missed an interest payment on a key bond last week, its second offshore debt in a week, the Market watchers being nervous about the group’s unraveling problems.

Shares in its Evergrande Property Services Group unit have also been suspended, according to the Hong Kong Stock Exchange.

With liabilities equal to 2% of Chinese GDP, Evergrande has raised fears that its woes will spill over into the financial system and reverberate around the world, although concerns subsided somewhat after the central bank committed. to protect the interests of home buyers.