Evergrande services arm shares halve as trading resumes after 16 months

News Snapshot:

A traffic light is seen near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo HONG KONG, Aug 3 (Reuters) - Shares of Evergrande Property Services Group (6666.HK) shed 50% of their value on Thursday when trading resumed after 16 months, following the release of its financial results and the end of an investigation into misused funds involving its parent. The property services firm was dragged into financial troubles after its parent, China Evergrande Group (3333.HK), the world's most indebted property developer, became embroiled in a debt crisis in mid-2021 that later...