Motley Fool
Why Shares in Evergrande Were Suspended Today
Shares of China’s troubled property company Evergrande Group (OTC: EGRN.F) were suspended from trading on Monday due to the announcement of an order to demolish 39 buildings under construction in China. It’s the last thing equity investors, bondholders, and Evergrande property investors wanted to hear. Both Evergrande and another large China property group, Kaisa, have missed bond payments, and rating agency Fitch has already cut their debt ratings to restricted default.
Source: https://finance.yahoo.com/news/read-why-discovery-t-shares-180828893.html