Property News · May 18, 2022

Chinese developer Jiayuan and subsidiary’s shares suspended after stock pledge to SHK Finance, Moody’s rating downgrade


The crash came after a company owned by chairman Shum Tin Ching pledged shares in Jiayuan International and Jiayuan Services to SHK Finance a day after Moody’s downgraded their rating.

Source : South China Morning Post
Read more…Chinese developer Jiayuan and subsidiary’s shares suspended after stock pledge to SHK Finance, Moody’s rating downgrade