Trading in Evergrande shares suspended in Hong Kong

The Evergrande headquarters, center, in Shenzhen, China. Shares in troubled real estate developer China Evergrande Group and its property management unit Evergrande Property Services have been suspended from trading in Hong Kong, Monday, Oct. 4, 2021. (AP Photo/Ng Han Guan, File)

Shares in troubled property developer China Evergrande Group and its property management unit Evergrande Property Services have been suspended from trading in Hong Kong as investors await the next steps in the saga of its debt crisis.

Cailian, a Chinese online news service affiliated with state-run newspaper Securities Times, said another developer, Hopson Development Holdings, was planning to acquire a majority share in Evergrande Property Services Group.