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HK-listed China Evergrande plunges on report of project halts

Reuters2021-08-12

** Shares of debt-laden property developer fall 8.4% to HK$5.80, set to snap three consecutive sessions of gains

** Biggest pct decliner on Hang Seng China Enterprises Index and second-biggest loser on Hang Seng Composite Index

** State media China National Radio says two Evergrande projects in the southwestern city of Kunming have halted construction

** One of the projects owes a construction firm involved over 210 mln yuan ($32.4 mln) in payments

** Financial intelligence provider REDD late on Wednesday said Chinese govt has ordered Guangdong province to support Evergrande and assist with creditor/strategic investor coordination

** The Hong Kong Hang Seng Composite Index tracking properties and construction stocks slips 0.6% and the Hang Seng Composite Index eases 0.5%

** The Hang Seng China Enterprises Index slides 0.5% and the benchmark index eases 0.3%

** As of last close, the stock down 57.5% this year

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  • PanaCota
    ·2021-08-12
    Ok
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  • 朝即安大
    ·2021-08-12
    Wishing you good luck
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    • koolgal
      Good luck to you too ??
      2021-10-03
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  • Michiko
    ·2021-08-12
    Done
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    • Cchan
      Jsjs
      2021-08-12
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  • Blackk
    ·2021-08-12
    Like and comment thanks 
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    • sugar87
      ok
      2021-08-12
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    • 朝即安大
      wishing you good luck
      2021-08-12
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