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Chinese property giant Evergrande’s shares have been suspended, due to a crisis at his world’s most indebted property developer. The firm mentioned that this halt is placed due to “an announcement containing inside information about a major transaction”. Reports also suggest that a rival estate firm is to buy majority stake in an Evergrande unit. In a regulatory statement to the Hong Kong Stock Exchange, the Evergrande Group mentioned that its shares are being suspended from trading “pending the release by the Company of an announcement containing inside information about a major transaction.”