Evergrande halts trading of its stock and subsidiaries, raising expectations of an overhaul in the world’s most indebted developer

• Evergrande’s shares were halted along with the stock of the Evergrande Property Services Group unit and the China Evergrande New Energy Vehicle Group subsidiary
• Evergrande shares traded at HK$1.65 before the suspension, gaining 3.8 per cent so far this year, as compared to some 90 per cent plunge last year