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Trading of Evergrande stocks suspended

The shares of real estate developer Evergrande were suspended from trading on the Hong Kong stock exchange on Monday. As the reason, the state newspaper Global Times cited that Evergrande is facing a new debt test in which shares are to be sold. According to the article, Evergrande wants to sell 51 percent of its property management unit Evergrande Property Services Group to Hopson Development for about $5 billion.

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