Top developer Shimao's share price slump triggers China property concerns
Shares in Shimao, which was one of China's top-10 developers last year and investment grade-rated until a month ago, fell a record 20%.
Source: dealstreetasia.com
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Shimao share price slump rekindles China property concerns
By Marc Jones LONDON (Reuters) -Sharp falls in Shimao Group's shares and debt, triggered by worries over an asset sale and cancelled apartment deals, ...
Source: wsau.com
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China property debt crisis puts founders on spot
China’s property magnates face a choice between giving up control or risking insolvency as the industry’s liquidity crisis deepens. It’s a marked contrast to previous crunches, when founder-chairs mostly came up with ways to cling to their controlling stakes.
Source: reuters.com
Chinese Property Developers Sell Shares As Default Woes Deepen
Chinese developers step up to raise cash thru share sales. Surging bond yields made developers difficult to refinance, declining home sales added to the gloom.
Source: theepochtimes.com