News for Evergrande Property Services Group Limited (6666.HK)

90% of Evergrande’s assets are on the Mainland, making it impossible to carry out a Hong Kong court’s liquidation order without help from Mainland courts. Read more here.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Stock trading in Chinese real estate giant Evergrande Property Services was halted in Hong Kong on Monday after a court issued a winding-up order against the co...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

In a stock exchange filing on Tuesday, it said, if wound up, any disposition of property directly held, including assets and shares, will be void unless the court grants a validation order.

Evergrande shares traded at HK$1.65 before the suspension.

Trading in shares of heavily indebted China Evergrande (3333.HK) was suspended on Monday, days after some bondholders said the property developer at the centre of jitters over China's financial system had missed a second key bond interest payment.

HONG KONG — Trading in shares of debt-laden China Evergrande was suspended on Monday after it missed a key bond interest payment last week, its second offshore…

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero