Shares in crisis-hit Chinese property giant Evergrande have been suspended in Hong Kong amid reports its chairman has been placed under police surveillance.
It follows reports earlier this week that other current and former executives had also been detained.
Thursday’s market statement did not give a reason for the trading halt.
But it marks another low for the heavily indebted property giant which defaulted in 2021, triggering China’s current real estate market crisis.
In August, the firm filed for bankruptcy in New York, in a bid to protect its US assets as it worked on a multi-billion dollar deal with creditors.
Where did you get this information that no crime has been committed and they are just being detained for shits and giggles?
The article?
I don’t know where you live, but in my country people get charged with crimes, then arrested.
The article says no such thing.
And I’m pretty sure your country has some form of investigative detention. If you’re American that can last up to 48 hours. And it really doesn’t matter because authorities there can just throw out charges, deny bail, blackmail people with absurd incarceration lengths into confessing their guilt, and detain them for years before a trial (or forever in some cases). And at any point in time those charges can be dropped.
And if you really want to go into the pros and cons between different justice systems, we can do that but it doesn’t really have much to do with being a tankie or not.
If you’re poor sure, but not CEOs for white collar crime
Bernie Madoff was out and about until convicted
None of your business? China is free to make charges public whenever they choose. I really don’t get why you think it’s so meaningful of a difference between not making charges and making charges that can then be dropped at any time. Your justice system doesn’t have any more high ground.
Lol you got mad when people assumed China was holding an innocent person prisoner, and you get defensive when asked what the charge they’re being held on is.
But go ahead and talk about ‘my’ justice system rofl. You aren’t trustworthy, and neither is the Chinese government. Totalitarian goose steppers.
