Trading in shares of China Evergrande were suspended on Thursday after a report its chairman had been placed under police surveillance, intensifying concerns over the developer's future as it struggles with a growing threat of liquidation.
were suspended on Thursday after a report its chairman had been placed under police surveillance, intensifying concerns over the developer's future as it struggles with a growing threat of liquidation., who founded Evergrande in 1996, was taken away by police this month and was being monitored at a designated location
With more than $300 billion in liabilities - roughly the size of Finland's gross domestic product - Evergrande has become the poster child of a debt crisis in China's property sector, which contributes to roughly a quarter of the economy.
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