HONG KONG -- Shares in troubled developer China Evergrande Group and its property management unit were suspended from trading in Hong Kong on Monday ahead of a possible sale of a majority stake in the subsidiary, a move that could shore up the parent company's fast depleting liquidity.
Evergrande's listed electric vehicle unit, also running out of cash, continued to trade. It rose as much as 34.8% on Monday to reach its highest level since mid-September. The shares closed up 29.1% at HK$3.90.
