Troubled Chinese real estate giant Evergran0nde and all its units suspended operations on the Hong Kong stock exchange Monday morning, according to a market advisory.
The company did not give an explanation for the suspension.
“All structured products of the company will also be suspended from trade,” said the notice to the Hong Kong stock exchange.
Chinese real estate firms have faced difficulties with government measures to curb the sector's excessive indebtedness and growing consumer speculation.
Evergrande, one of China's leading real estate developers, was affected by the measures as it negotiates the restructuring of its $300 billion debt.
Monday's suspension is the second this year, and it comes before the due date on Wednesday of a $2 billion payment and another of $1.4 billion in April.
Classification agencies said in December that the company went into default after it was unable to pay its commitments on time.
The firm assured that it will conclude its projects and deliver them to buyers in a desperate attempt to save their debts.
But in January, the company was ordered to demolish 39 buildings on Hainan Island because they were illegally built on the tourist site.
The Evergrande crisis has affected the entire Chinese real estate sector, and some smaller companies also defaulted with their loans while others struggle to secure financing.
The International Monetary Fund warned in January that the housing crisis would have effects on the entire Chinese economy and world markets.
dhc/mtp/but/yow
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