The shares of China Evergrande (OTC:EGRNQ) were temporarily suspended after a Hong Kong court issued a liquidation order for the troubled real estate giant. What Happened: The shares of China Evergrande, a major property developer in the country and the world’s most indebted developer with over $300 billion in liabilities, were halted after experiencing a 20% drop in early trading on Monday. This decision was made in the wake of a Hong Kong court’s ruling to liquidate the company, reported CNBC. China Evergrande, once a leading property developer in the country, has been grappling with a sever…
