EVERGRANDE Series Shrs Continued to be Dumped over 2 Project Halts by Hunan Authorities

AAStocks ·  {{timeTz}}
After the report of its assets being frozen by a bank, the pre-sales permits and online contracts of two of EVERGRANDE (03333.HK)'s projects have been brought to a halt by the the Ministry of Housing and Urban-Rural Development (MOHURD) of Shaoyang city in Hunan province, prompting the shares of the EVERGRANDE series to be dumped the day after.

EVERGRANDE (03333.HK) plummeted to as low as $6.91 at one point, reaching over 4-year low; last posted $7.19, down 12%, on a volume reaching 82.28 million shares. EVERG VEHICLE (00708.HK) last posted $13.7, down 15%, on a volume reaching 14.04 million shares. HENGTEN NET (00136.HK) dropped 14%, last stood at $3.47, on a volume reaching 50.04 million shares. EVERG SERVICES (06666.HK) slumped 7.3%, last posted at $6.24, on a volume reaching 56.74 million shares.

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