Evergrande Real Estate Group Suspends Stock Trading in Hong Kong

Evergrande Chairman Hui Ka Yan
Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd., pauses during the company's annual results news conference in Hong Kong. Photographer: Jerome Favre/Bloomberg

Evergrande Real Estate Group Ltd., a Chinese developer based in Guangzhou, suspended trading in Hong Kong without giving a reason.

The stock has more than doubled this year, compared with the 19 percent gain in the benchmark Hang Seng Index. At least three brokerages, including Goldman Sachs Group Inc. and China International Capital Corp., have cut their recommendations on Evergrande this month.

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