China Evergrande shares plunge more than 80% as trade resumes after 17 months

Shares of China Evergrande Group shed 86.7% early on Monday when trading resumed following a 17 month suspension, after saying it had 'adequately' fulfilled all guidance issued by the Hong Kong Stock Exchange.

The resumption of trading in all three companies is crucial for Evergrande Group because its offshore debt restructuring plan includes swapping part of the debt into

equity-linked instruments backed by them.The trade resumption also came after the developer on Sunday reported aReporting by Clare Jim; Editing by Kim Coghill and Christopher Cushing

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