China Evergrande shares halted; firm to release 'inside information'

The company is struggling to repay more than $300 billion in liabilities

China Evergrande Group shares have been suspended from trading on Monday pending the release of "inside information", the embattled property developer said without elaborating.

Evergrande, the world's most indebted developer, is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of international market bonds that were deemed to be in cross-default by ratings firms last month after it missed payments.

The property developer missed new coupon payments worth $255 million due last Tuesday, though both have a 30-day grace period.

The firm has set up a risk management committee with many members from state companies, and said it would