NewTrading of shares of China real estate developer Evergrande halted in Hong Kong

Trading in the shares and debt securities of Evergrande Real Estate Group were halted at 9:00 a.m. on Thursday in Hong Kong.

All structured products relating to the company were also halted from trading at the same time.

The company’s share price closed at HK$6.91 on Wednesday, May 27.

Chinese newspaper Wen Wei Po reported Evergrande on May 27 won a site in Xiamen of about 70,000 square metres, for 3.09 billion yuan.