HONG KONG (Reuters) – Shares of China Evergrande Group are set to open down 14.3% on Tuesday, exending losses from the previous day when the embattled developer lost $2.2 billion, or 79% of its market value.
On Monday, shares of the world’s most indebted property firm resumed trading after a 17-month halt in a crucial step for the developer to restructure its offshore debt.
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(Reporting by Anne Marie Roantree; Editing by Jacqueline Wong)
By: OAN
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