Shares in the highly indebted developer China Evergrande dropped following a court order freezing the bank deposits of one of its divisions, raising new concerns over the group’s financial health.
Evergrande’s Hong Kong-listed shares fell 16 per cent on Monday after traders digested an order from a court in Jiangsu province to freeze a Rmb132m ($20m) deposit held by mainland Chinese subsidiary Hengda Real Estate Group and another of its units.
While the court order was issued earlier in July, it did not start widely circulating among traders until the weekend.
您已阅读18%（564字），剩余82%（2487字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。