Evergrande shares plunge after arrests

By Agence France-Presse

Sep 19, 2023 12:12 am

HONG KONG: Shares in Chinese property giant Evergrande plunged by around 25 percent as markets opened in Hong Kong on Monday, following the arrest of several of the debt-ridden company's employees in China.

Evergrande's stock price dipped to 0.47 around 9:00 a.m. in Hong Kong (1:00 a.m. GMT) on Monday, before ticking back up, after closing at 0.62 Hong Kong dollars on Friday.

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