Evergrande shares fall more than 3% after the arrest of several employees and weigh on Country Garden

MADRID, 18 Sep. (EUROPA PRESS) -

The shares of the Chinese real estate developer Evergrande fell more than 3% at 8:50 a.m. Spanish time, to 0.60 Hong Kong dollars (0.071 euros) after it was learned that the Chinese Police have arrested several of its employees.

The shares of Evergrande, which declared bankruptcy in the United States a month ago, have fallen by more than 24% during Monday's session on the Hong Kong Stock Exchange, although they have moderated their decline as the trading day progressed. .

The other major real estate agency in the Asian country, Country Garden, has been dragged down by the fall of Evergrande and its shares fell more than 2.8% on the Hong Kong Stock Exchange.

The Hang Sheng, the Hong Kong Stock Exchange index, fell 1.3%, weighed down, among other companies, by both real estate companies.

Until now, the number of detainees in Evergrande and the charges they face are unknown, and the authorities are still investigating, according to a statement from the Shenzhen City Police - where the promoter's headquarters are located -. has published the newspaper 'South China Morning Post'.

In addition, the Police have asked the population to report suspicions of fraud through the Internet, telephone, message or email.

Evergrande, which returned to trading on August 28 after being suspended for 17 months, was already under the spotlight in 2021 after it was learned that at least half a dozen employees redeemed wealth management products before the scheduled dates, although they were later reprimanded and obliged to return the funds.

On August 18, the company filed for Chapter 15 protection of the United States Bankruptcy Law with the aim of protecting the company's assets in the United States, while the company's restructuring agreements are managed in Hong Kong and the Cayman Islands.