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Published 10 months ago

Evergrande: China property giant suspends shares as police target chairman

  • Shares of China Evergrande Group were suspended as concerns grew about the developer's future and increasing liquidation risk.
  • Evergrande, with over $300 billion in liabilities, represents a debt crisis in China's property sector.
  • The company's founder, Hui Ka Yan, has reportedly been placed under police watch and is being monitored at a designated location.
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