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Shares drop after default; Kaisa deal doubts: Evergrande update

The company and Kaisa Group Holdings were downgraded on Thursday to restricted default by Fitch Ratings.

Hong kongKaisa group holdings ltdEvergrande property servicesFitch ratingsLazard ltdHaitong international securities coEvergrande new energy vehicle groupFantasia group holdings ltdColour life servicesCountry garden holdingsKaisa group holdingsChina evergrande groupSunac china holdingsRelated stocks dropDeveloper declaredBiggest broker

Dollar debt default declared along with Kaisa: Evergrande update

Evergrande’s inability to meet its obligations is a market event and will be dealt with in a market-oriented way, the People’s Bank of China Governor Yi Gang said Thursday.

Hong kongKent mcparlandAshley alderStephen engleJocelyn chiFitch ratingsLazard ltdFantasia holdings groupPeople bankKaisa group holdingsFutures commissionHong kong companies registryChina evergrande groupHopson development holdingsChina governor yi gangRestructuring leaves bondholders

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