China Evergrande's stock price fell sharply on Monday (August 28). As of the close, the group's stock price fell to HK $ 0.35 (about S $ 0.061), a decrease of 79%.
According to Reuters, Evergrande, a Chinese developer with the most liabilities in the world, has also fallen sharply, which led to a market value evaporated by about 2 billion US dollars (about S $ 2.714 billion).
Evergrande officially resumed trading on Monday after the suspension of trading.Evergrande had previously fulfilled the listing obligations stipulated by the Hong Kong Exchange, including the announcement of financial reports.
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.
