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Residential buildings under construction at the Tao Yuan Tian Jing project, developed by China Evergrande Group, right, and at the Wangjiang Mansion project, developed by Country Garden Holdings Co., in Yangzhou, China, on Thursday, Sept. 7, 2023. Country Garden has avoided a default with last-minute bond interest payments, buying what was once the country’s biggest developer by sales a reprieve if only a brief one. Source: Bloomberg

China’s Evergrande resumes Hong Kong trading

The property giant estimated it had debts of $328 billion at the end of June

Afp

Beleaguered property giant China Evergrande suspended trading of its shares in Hong Kong on Thursday, according to notices posted by the bourse, as the debt-ridden company grapples with severe financial difficulties. (CFOTO/Future Publishing via Getty Images)

China’s Evergrande Group halts trading in Hong Kong

It is also just a month since the firm resumed trading following a 17-month halt caused by its failure to publish its financial results

Agence France Presse