Evergrande sells out shares in Hong Kong to raise cash

Highlights:

• Crisis-hit Chinese real estate giant Evergrande and suspends trade in its shares

• Contract sales as they struggled to repay creditors.

The Evergrande Group in China is the second largest property developer in China. It ranks 122nd on the Fortune Global 500. Evergrande has more than $300bn (£222bn) of debt and is trying all means to raise cash by selling its assets a....