After a 17-day suspension, Evergrande stock traded again in Hong Kong. Shares plunged.
Shares in the Chinese property giant, which is cracking under the weight of a £221billion debt pile, were suspended on October 4 after it said it may have found a buyer for Evergrande Property Services (EPS), one of its most profitable businesses.
However, the deal to sell just more than 50% of EPS was reneged on by Hopson Development, putting it out of valuable cash and easing the pressure on its balance sheets.

On the brink: Chinese property giant Evergrande is cracking under the weight of a £221bn debt pile
Shares resumed trading yesterday following the news – falling 12.5 per cent. The shares have plunged nearly 82% this year, according to the latest decline.
The situation has reignited fears that cash-strapped Evergrande, the world’s most indebted company, could collapse.
Tomorrow’s deadline for repayment is critical for the firm. Failure to meet it will result in it officially defaulting on some of its loans.
If it goes bust, there are concerns it could spark a domino effect across China’s vast property development sector and spread to the wider economy.