08-12-2021 17:52 via theguardian.com

Fresh jitters in China’s property sector after Kaisa shares suspended

Halt in trading comes amid concerns developer with huge offshore debts may not meet a $400m repayment deadlineTrading in shares of the embattled Chinese developer Kaisa Group Holdings have been suspended on the Hong Kong stock exchange, prompting fresh concerns about the financial stability of the country’s indebted property sector.The suspension on Wednesday comes after Kaisa was reportedly to be struggling to make a loan repayment of $400m (£301m) by the deadline of Tuesday night i
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