<p id="thickbox_headline">Chinese property giant Evergrande was set to resume trading in Hong Kong on Thursday morning, hours after it said a potential deal had fallen through and warned it might fail to meet its financial obligations.</p>.<p>The troubled company suspended trading on October 4 pending an announcement on a "major transaction" as it struggles with some $300 billion of debt -- with anxious investors' fearing the fallout from its predicament could impact the wider Chinese economy.</p>.<p>But on Wednesday, Evergrande said it had applied for a trading resumption.</p>.<p>A deal -- worth HK$20.04 billion ($2.58 billion) -- to sell a 50.1 percent stake in its property services arm had fallen through, it added in a separate statement.</p>.<p>The purchaser was originally to have been a unit under Hong Kong real estate firm Hopson Development Holdings.</p>.<p>Evergrande said it would continue to implement measures to ease its liquidity issues, cautioning that "there is no guarantee that the group will be able to meet its financial obligations".</p>.<p>The Shenzhen-based company has missed several payments on dollar-denominated bonds.</p>.<p>A 30-day grace period on an offshore note is up on Saturday.</p>.<p>Several domestic property rivals have in recent weeks already defaulted on debts and have seen their ratings downgraded.</p>.<p>Fears that the firm could collapse and send shockwaves through the Chinese economy rattled markets earlier this month, though Beijing has said any fallout would be containable.</p>.<p>China's property sector has been under tightened scrutiny since regulators announced caps for three different debt ratios in a scheme dubbed "three red lines" last year.</p>.<p>Evergrande's announcements came as China's new-home prices fell for the first time in six years last month, with the property sector struggling after a government clampdown.</p>.<p><strong>Check out the latest DH videos:</strong></p>
<p id="thickbox_headline">Chinese property giant Evergrande was set to resume trading in Hong Kong on Thursday morning, hours after it said a potential deal had fallen through and warned it might fail to meet its financial obligations.</p>.<p>The troubled company suspended trading on October 4 pending an announcement on a "major transaction" as it struggles with some $300 billion of debt -- with anxious investors' fearing the fallout from its predicament could impact the wider Chinese economy.</p>.<p>But on Wednesday, Evergrande said it had applied for a trading resumption.</p>.<p>A deal -- worth HK$20.04 billion ($2.58 billion) -- to sell a 50.1 percent stake in its property services arm had fallen through, it added in a separate statement.</p>.<p>The purchaser was originally to have been a unit under Hong Kong real estate firm Hopson Development Holdings.</p>.<p>Evergrande said it would continue to implement measures to ease its liquidity issues, cautioning that "there is no guarantee that the group will be able to meet its financial obligations".</p>.<p>The Shenzhen-based company has missed several payments on dollar-denominated bonds.</p>.<p>A 30-day grace period on an offshore note is up on Saturday.</p>.<p>Several domestic property rivals have in recent weeks already defaulted on debts and have seen their ratings downgraded.</p>.<p>Fears that the firm could collapse and send shockwaves through the Chinese economy rattled markets earlier this month, though Beijing has said any fallout would be containable.</p>.<p>China's property sector has been under tightened scrutiny since regulators announced caps for three different debt ratios in a scheme dubbed "three red lines" last year.</p>.<p>Evergrande's announcements came as China's new-home prices fell for the first time in six years last month, with the property sector struggling after a government clampdown.</p>.<p><strong>Check out the latest DH videos:</strong></p>