Evergrande’s EV unit resumes trading after deal suspension

Shares in the electric vehicle arm of Chinese property giant Evergrande resumed trading on Monday after more than a week’s suspension and a halt on its new share deal triggered by a criminal probe against its boss last month. Evergrande Vehicle was the last to resume trade, one week later than Evergrande Group and Evergrande Property Services, as its deal to issue 6.18 billion new shares for a total consideration of HK$3.89 billion ($496.72 million) was suspended.