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.
China debt crunch
China Evergrande shares suspended pending 'major' transaction
Property management unit also halted while Hopson says announcement on the way
Among assets Evegrandd would like to sell are shares in Evergrande Property Services, which boasts stronger financials than its parent. © Reuters
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