China Evergrande shares suspended amid reports of demolition order
The Guardian -

The property giant has been told to demolish 39 buildings in a high-profile development in Hainan province, reports say

Shares in China’s Evergrande Group have been suspended from trading, the embattled property developer announced on Monday, without giving any reason.

It came amid Chinese media reports that the world’s most indebted developer was ordered by authorities in southern Hainan province to demolish 39 buildings in 10 days because the building permits were illegally obtained. Continue...

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