(Hong Kong Comprehensive News) Evergrande Group, which was temporarily suspended by Chinese officials, was temporarily suspended due to the official control of the founder Xu Jiayin, has submitted an application for reviewing on the Hong Kong Stock Exchange on Tuesday (October 3).
China Evergrande Group and Evergrande Property issued an announcement on the website of the Hong Kong Stock Exchange on Monday (October 2), saying that they have applied to the Hong Kong Stock Exchange to resume stock trading from 9 am on Tuesday.
Announcement stated that Evergrande Group announced on September 28 that Xu Jiayin, the executive director of the company and the chairman of the board of directors, has been adopted by compulsory measures in accordance with the law for suspected illegal crimes.The board believes that there is no other inside information that the company needs to announce.
Evergrande Property also said that the board of directors believed that the company's operating conditions were normal.China's Evergrande announcement does not have this sentence.
As of now, Evergrande Automobile has not issued an announcement announcement.
China Evergrande, Evergrande Property and Evergrande Automobile's three "Evergrande" shares have temporarily suspended trading on the Hong Kong Stock Exchange from 9 am last Thursday (September 28).The day before the temporary suspension of trading (27th), after the news of Xu Jiayin was controlled, all three stocks dived by more than 10%.
Since the end of 2021, the Evergrande Group has been seriously funded.According to the group's financial report, as of the end of June this year, Evergrande's total liabilities were 2.39 trillion yuan (RMB, S $ 450 billion).Evergrande's shares were suspended on March 21, 2022, and only resumed trading in July and August this year.
