Shares of Evergrande have been suspended, Hong Kong’s exchange announced Thursday.
The chairman of the embattled Chinese real estate developer has reportedly been placed under surveillance, according to Bloomberg News.
Evergrande shares last closed at 32 Hong Kong cents on Wednesday.
This is not the first time that Evergrande’s shares have been suspended. Trading was suspended in March last year and only resumed trading on Aug. 28, after a 17 month hiatus.
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