China Real Estate Enterprise Evergrande Group officially resumed trading on Monday (August 28) after the suspension of trading for 17 months.The latest news shows that shortly after the group opened, the stock price fell more than 80%.
According to Google, as of 9:20 am on Monday, Evergrande's stock price has fallen by 86.67%, and the current stock price is reported to HK $ 0.22 (about S $ 0.038).
Evergrande will restore stock transactions from 9 am on Monday.The company has previously claimed that the internal monitoring system and processes have been basically improved, which is enough to fulfill its responsibilities under the Rules of the Hong Kong Stock Exchange.
Evergrande's recent transaction was on March 18, 2022, and the market value at that time fell more than 95%from the peak of 2017.
