Shares of China Evergrande Group fell by as much as 13.6 percent on Thursday as trade resumed in the latest blow to the debt-saddled developer, whose woes have rattled global markets. The development comes after a two-week suspension in trade that started on Oct. 4. The company announced late on Oct. 20 that it had failed to secure a $2.6 billion deal to sell a 50.1 percent stake in its property services arm to smaller rival Hopson Development Holdings, setting the conditions for a potentially disruptive default. Evergrande Property Services Group’s stock dropped by as much as 10.2 percent as trading in both companies’ shares resumed. Since the beginning of the year, the firm’s shares have fallen by almost 80 percent. Its debt obligations boiled over to crisis point this year, triggered by new central government policies introduced in August last year designed to deleverage China’s property sector. Chinese regulators outlined “three red …
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