China Evergrande GroupStocks were suspended from trading Monday in anticipation of the release “inside information”, the property developer who was being sued said, without going into detail.

Evergrande is the most indebted global developer. It’s currently struggling to pay more than $300 billion in debts, which includes nearly $20 billion of international bond bonds, that have been deemed in cross-default last month by rating firms after missing payments.

Although both the property developer and coupon payment were due on Tuesday for $255 Million, they each have a grace period of 30 days.

It has established a committee for risk management with members of state corporations, and stated it is ready to engage with creditors.

Local media reports that Evergrande, a Chinese municipality on the island of Hainan, had given an order to Evergrande to remove its 39 residential structures within ten days because they were illegally constructed.

According to reports, they covered 435,000 sq. meters.

Evergrande didn’t respond to a request for comment regarding the Hainan developments.

Evergrande canceled Friday’s plans to pay investors for its wealth management products. It stated that each investor could receive $8,000 ($1,257) monthly as principal, regardless of the maturity date.

This move is a sign of the increasing liquidity crisis at property developers.

Conita Hung (investment strategy director at Tiger Faith Asset Management) stated, “The market is watching Evergrande’s asset disposal process to repay it’s debt. However, the process will be slow.”

“And Hainan’s demolition orders will harm the few homebuyer confidence that was left in the company.”

Evergrande reported last week that 91.7% have resumed construction of their national projects after three months’ effort. Many previous projects were stopped by Evergrande because the developer didn’t pay its numerous suppliers and contractors.

Evergrande’s shares fell 89% over the past year. They closed Friday at HK$1.59

China Evergrande New Energy Vehicle Group’s electric vehicle unit, China Evergrande, reversed its early losses and rose 14% on Monday. Evergrande Services, a property management unit turned around after being in the red for 1%.