China Evergrande shares set to open down 14.3%

3 weeks ago 44


August 29, 20231:32 AM UTCUpdated ago

Headquarters of China Evergrande Group in Shenzhen

China Evergrande Group's logo is seen on its headquarters in Shenzhen, Guangdong province, China, Sept. 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing Rights

HONG KONG, Aug 29 (Reuters) - Shares of China Evergrande Group (3333.HK) 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.

Reporting by Anne Marie Roantree; Editing by Jacqueline Wong

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