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Evergrande is not the only Chinese company to suspend trading. Seven other companies have also suspended trading. What is happening?

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by COINS NEWS 261 Views

Other than Evergrande, companies like Xinyang Maojian group, GTI holdings, China bozza devolopments, China supply chain, million stars, I-cable communication, Dragon crown group and hopson dev also suspends trading in the Hong Kong markets.

There are a lot of reason for suspension of trading but given the recent default of the Evergrande group, this seems suspicious. Investors won't be able to cash out and incase bad news comes out next trading day might be a blood bath and retailers will be left holding the bag.

submitted by /u/WorryElectrical989
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