Following the high-level high-level in China, he was checked, and was checked.Xu Jiayin, the founder of the group, also reported that it was taken away by the police. After monitoring and living in the designated place, Evergrande's Hong Kong Stocks were suspended collectively on Thursday (September 28).
According to Surging News, China Evergrande, Evergrande Automobile, and Evergrande Property have suspended transactions on the Hong Kong Exchange on Thursday.
Evergrande Group announced its suspension on March 21 last year after the first US dollar debt defaults in December 2021.In order to meet the reciprocity conditions, Evergrande Group actively disclosed asset operations, management integrity issues, corporate internal control audits, etc., and released the long -term financial report that has been delayed in 2021 and 2022, and finally met the condition for recovery on August 28.
But then, many current and former executives of Evergrande Group and its subsidiaries have been investigated, including Pan Darong, former chief financial officer of the group, and Xia Haijun, former president.Bloomberg Society cited anonymous sources on Wednesday (27th) that Xu Jiayin was also taken away by the Chinese police earlier this month and is monitoring and living at the designated place, which means that the incident has been fermented to the criminal judicial system.
The same day of Xu Jiayin was taken away, Evergrande's stock price was collectively diving collectively on Wednesday afternoon, of which China Evergrande fell more than 13.92%, Evergrande Automobile fell 21.43%, and Evergrande property fell more than 11%.
