China debt crunchLiquidators face setback in effort to recover funds from bankrupt developerChinese flags are seen near the logo of Evergrande Group on its building in Shanghai in 2021. © ReutersWATARU SUZUKIJune 25, 2026 17:35 JSTSHANGHAI -- Shares of a Hong Kong-listed unit of bankrupt property developer China Evergrande Group fell sharply on Thursday, after it revealed that talks to sell a majority stake in the company were scrapped.