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China Evergrande shares halted, set to release ‘inside information’

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Reuters

By Clare Jim HONG KONG (Reuters) -China Evergrande Group shares will be suspended from trading on Monday pending the release of “inside information”, the embattled property developer said without elaborating. Evergrande, the world’s most indebted developer, is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of international market bonds that were deemed to be in cross-default by ratings firms last month after it missed payments. The property developer missed new coupon payments worth $255 million due last Tuesday, though both have a 30-day…

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