HONG KONG: Heavily indebted Chinese property giant Evergrande said it had applied to the Hong Kong stock exchange to resume trading its shares in the city tomorrow morning.
“An application has been made by the company to the stock exchange for the resumption of trading in the shares of the company on the stock exchange with effect from 9am on Oct 3, 2023,” a statement on the Hong Kong bourse website said today.
The real estate behemoth announced last Thursday its chief was suspected of “illegal crimes” following the suspension of its shares from trading that day.
Thursday’s announcement by the company to the Hong Kong stock exchange came a day after media reports that boss Xu Jiayin was being held by police.
No specific reason was given for the decision to suspend share trading, which also affected the company’s property services and electric vehicle units.
Today’s applications to resume trading applied to the Evergrande Group and its services arm, while there was no such request over the EV unit.