Property News · February 11, 2022

Chinese property developer Zhenro’s shares and bonds plummet on redemption speculation


Shares and bonds of Chinese developer Zhenro Properties Group slumped amid speculation that the company does not plan to redeem a US$200 million bond next month.The Shanghai-based developer told investors late on Thursday that its plan to call the bond remain unchanged, sources told the Post, refuting rumours which went viral earlier in the day that Zhenro could skip a window to redeem the perpetual bond to keep a comfortable level of liquidity.The company’s reassurance did not stop investors…

Source : South China Morning Post
Read more…Chinese property developer Zhenro’s shares and bonds plummet on redemption speculation