Embattled property developer China Evergrande Group said on Friday (Aug 25) it has 'adequately' fulfilled the resumption guidance issued by the Hong Kong Stock Exchange and made an application to resume trading in shares on Aug 28. Once China's top-selling developer, Evergrande has become the poster child
Embattled property developer China Evergrande Group said on Friday it has"adequately" fulfilled the resumption guidance issued by the Hong Kong Stock Exchange and made an application to resume trading in shares on Aug 28.
Trading in the company's shares was suspended on Mar 21 last year after it failed to get back on its feet amid the debt crisis. It stated that it had published all outstanding financial results required under the listing rules and considered that the issues raised by its former auditor PricewaterhouseCoopers, in its resignation letter, have been satisfactorily resolved.under Chapter 15 of the US bankruptcy code, which shields non-US companies undergoing restructurings from creditors who hope to sue them or tie up their assets in the United States.
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