Trading in shares of Chinese developer Kaisa suspended -HKEX -Breaking
[ad_1]
© Reuters. FIILEPHOTO: The Shanghai Kaisa Financial Center in Shanghai, China is home to a sign for Kaisa Group Holdings. It was taken on December 7, 2021. REUTERS/Aly SongHONG KONG (Reuters] – On Wednesday, trading in shares of Kaisa Group Holdings’ embattled Chinese developer was suspended by Hong Kong’s stock exchange.
A source who has direct knowledge of the situation told Reuters that Kaisa would not meet its $400 Million deadline to pay off offshore debts by Tuesday.
Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.
[ad_2]