China property stocks tumble as Evergrande drops 25% on debt restructuring roadblock
Publishing timestamp: 2023-09-25 04:18:28
Summary
Evergrande's Hong Kong-listed shares dropped 25% after the company announced a delay in its debt restructuring meeting. Other Chinese property stocks also fell, and Evergrande's shares have plummeted 87% since resuming trade in August. The company is facing investigations and has defaulted on its debts.
Sentiment: NEGATIVE
Tickers: 3380-HK, 2007-HK, 2777-HK, 3333-HK,
Keywords: business news, logan property holdings co ltd, china evergrande group, guangzhou r&f properties co ltd, country garden holdings co ltd, united states, real estate,