© Reuters. FILE PHOTO: China Evergrande Group’s logo is seen on its headquarters in Shenzhen, Guangdong province, China, Sept. 26, 2021. REUTERS/Aly Song/File Photo
HONG KONG (Reuters) – Shares of China Evergrande (HK:) Group are set to open down 14.3% on Tuesday, exending losses from the previous day when the embattled developer lost $2.2 billion, or 79% of its market value.
On Monday, shares of the world’s most indebted property firm resumed trading after a 17-month halt in a crucial step for the developer to restructure its offshore debt.