Property

Evergrande shares down over 80% as it cancels restructuring talks

Troubled Chinese developer resumed stock trading on Monday, ending a 17-month halt

The postponement of meetings added to uncertainty in a protracted process to finalise one of the country’s biggest restructurings ever

Evergrande Group, the troubled Chinese developer, delayed creditor meetings on its offshore-debt restructuring proposal just hours before they were to occur Monday, in a move that added to uncertainty over the viability of the company.

The developer delayed the meetings for the group and some units late September, citing a desire to let creditors “consider, understand and evaluate” the terms of schemes and allow them additional time to consider recent developments, including resumption ...