China Evergrande and Its Units Suspend Trading in Hong Kong

Unfinished apartment buildings tower above an Evergrande construction site in Beijing on Jan. 6. Photo: Bloomberg

(Bloomberg) — Embattled Chinese real estate developer China Evergrande Group along with its other units suspended trading in Hong Kong Monday morning, according to exchange filings.

Shares of Evergrande Property Services Group Ltd. and China Evergrande New Energy Vehicle Group Ltd. were also halted without giving any reasons.

The pause comes after Shenzhen-based Evergrande said in January that it aimed to present a preliminary restructuring proposal in the next six months. The firm has been at the center of a cash crisis among Chinese property developers following Beijing’s crackdown.