Hong Kong listed shares in a Chinese real-estate developer Kaisa Group HoldingsAfter learning that it missed a payment earlier in the week on a wealth-management product, they were forced to halt on Friday

This comes as Chinese property investors watch out for changes in China’s sector after the fallout from heavily indebted Evergrande

Kaisa announced in Friday’s exchange filing that it would suspend trading. Its other units — Kaisa Capital, Kaisa Health, Kaisa Prosper — also announced they will halt trading.

Kaisa reported on Thursday that its finance unit had missed a payment for a wealth management product. This was amid growing concerns about Kaisa’s liquidity.

Fitch Ratings and S&P Global Ratings downgraded Kaisa last week. Both agencies pointed out the diminishing cash flow of Kaisa.

Natixis reports that Kaisa, a Chinese developer, is the second largest issuer of offshore high-yield bond U.S. dollars. EvergrandeIt is the most indebted real-estate developer worldwide, and ranks first.

According to Natixis, Kaisa crossed the two “red lines,” which China has set for developers of real estate in the second half of 2011.

Fitch reports that Kaisa owes a lot of debt between now and 2022. This includes $400 million in December and $3 billion in 2022.