Evergrande Chairman Under Surveillance as Shares Get Suspended

Shares of China Evergrande Group, a troubled real estate developer, have been suspended on the Hong Kong exchange after reports emerged that its chairman is under surveillance. This is not the first time Evergrande's shares have been suspended, as trading was halted for 17 months last year. The company recently delayed a debt restructuring meeting with creditors, citing lower-than-expected sales and an ongoing investigation into its subsidiary.