Shares of China Evergrande were halted on Hong Kong’s stock exchange on Monday pending a deal, as doubts swirled over whether the struggling property giant would be able to meet its immense financial obligations. Evergrande said in a filing that its shares were halted ahead of an announcement about a “major transaction.” It gave no additional details. The real estate developer — once China’s most prolific — has been under close watch by foreign investors and local regulators after it missed two important interest payments on U.S. dollar bonds. The…
China Evergrande’s Shares Are Halted as Doubts Swirl
