Today news
About the same in other media
Chinese real estate developer Kaisa halts trading in Hong Kong, as debt concerns escalate
Reading now: 240
cnbc.comHong Kong listed shares of Chinese real estate developer Kaisa Group Holdings were halted on Friday, following news that it had missed a payment on a wealth management product earlier this week.
It comes as investors continue to watch for developments in China's property sector following the fallout from heavily indebted Evergrande.
Kaisa said in an exchange filing on Friday that it will be suspending trading. Its other units — Kaisa Capital, Kaisa Health, Kaisa Prosper — also announced they will halt trading.
On Thursday, Kaisa said its finance unit missed a payment on a wealth management product, amid increased worries about its strained liquidity.
Fitch Ratings and S&P Global Ratings downgraded Kaisa last week. Both agencies cited the
Read more on cnbc.comAbout this in other media
Peru's central bank joins global push to develop a digital currency economictimes.indiatimes.com /2 years ago
Hong Kong hits back after allowing JPMorgan’s Jamie Dimon to skip quarantine fnlondon.com /2 years ago
JP Morgan chief skips quarantine as he jets into Hong Kong theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
