RE: Evergrande4 Oct 2021 07:48
Trading in shares of debt-laden China Evergrande have been suspended.
Foreign bond investors hold a mere 20 and a bit billion dollars of the debt, approximately 8% so not much. The bigger issue is whether this acts as a catalyst for other Chinese property companies collapsing due to debt.
Evergrande said trade was suspended “pending the release by the company of an announcement containing inside information about a major transaction,”