Real Estate

China property stocks tumble amid Evergrande debt restructuring roadblock


The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China.

Liang Xiashun | Visual China Group | Getty Images

Hong Kong-listed shares of embattled Chinese real estate firm Evergrande tumbled as much as 25% on Monday, after the company said that it would delay a debt restructuring meeting due later today.

Shares of other major Chinese property stocks in Hong Kong also fell as the sector saw a sell-off.

The Hang Seng Mainland Properties index slid just over 4% on Monday, while other real estates stocks took a beating. Country Garden was down 7.69%, Logan Group fell 7.95%, while R&F Properties was down 6.62% on Monday.



0 0 votes
Article Rating

We're buying more of this turnaround toolmaker stock in this week's down market

Previous article

China-EU relationship is at a crossroads, trade chief Dombrovskis said

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate