BEIJING, DPA – The heavily-indebted Chinese real estate giant Evergrande halted the trading in its shares on Monday, the company told the Hong Kong stock exchange without giving a reason.
Evergrande is currently more than $US300 billion ($A413 billion) in debt and its stock lost almost 90 per cent of its value last year.
In November, ratings agency Fitch downgraded the company and its subsidiaries to “restricted default,” one step away from complete default.
