The announcements come on the heels of a series of nationwide support measures announced by Beijing for the property sector

On Friday, Evergrande said it had "adequately" fulfilled exchange guidance for the resumption of trade of its Hong Kong-listed stock

The country's central bank also said it would stick to the principle that houses are for living in and not vehicles for speculation

Workers at dorms on two Country Garden sites in Tianjin, a port city of 14 million people about 135 km (84 miles) southeast of Beijing, complained of months without pay

Country Garden, facing $192 billion worth of debt, is saddled with nearly 1 million unfinished homes in 3,121 projects spread across all of China's provinces

Reports that China's third biggest developer is considering a debt restructuring, coupled with a warning that it might report up to $7.6 billion in losses for the first half, spooked investors

But some analysts warned the move that sparked the share price rebound won’t be enough to turn around the country’s crippled property sector

China’s securities watchdog has loosened restrictions on the sector's equity fundraising in a bid to improve liquidity

China's property sector has over the past two years been thrust into a severe debt crisis with many developers defaulting on payments

The services unit’s pledged shares were last enforced a year ago, when the group's ownership was reduced from 60.96%

The developer will issue 870 million new shares, or 3.6% of the enlarged share capital, at HK$3.25 each, to professional and institutional investors in the share sale

The fund has an initial $12bn from China Construction Bank and the PBOC to buy and complete unfinished projects. More insights are expected when Evergrande releases its debt plan this week