Property News · July 31, 2023

China property crisis: Shimao Group slumps 67 per cent as trading resumes after 16-month suspension


Shares of Shimao Group plunged by the most on record, wiping out slightly more than HK$11 billion (US$1.4 billion) in market capitalisation after trading resumed in its shares for the first time since March 31, 2022.

Source : South China Morning Post
Read more…China property crisis: Shimao Group slumps 67 per cent as trading resumes after 16-month suspension