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The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China.
Liang Xiashun | Visual China Group | Getty Images
Hong Kong-listed shares of embattled Chinese real estate firm Evergrande tumbled as much as 25% on Monday, after the company said that it would delay a debt restructuring meeting due later today.
Shares of other major Chinese property stocks in Hong Kong also fell as the sector saw a sell-off.
The Hang Seng Mainland Properties index slid just over 4% on Monday, while other real estates stocks took a beating. Country Garden was down 7.69%, Logan Group fell 7.95%, while R&F Properties was down 6.62% on Monday.
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Source cnbc.com
