HK-listed China Evergrande plunges on report of project halts

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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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- BBBBBBBBBB:
  Ok
  2021-08-13
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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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and comment thanks&nbsp;","listText":"Like and comment thanks&nbsp;","text":"Like and comment 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