The shares of two units of China’s Kaisa Group plunged to multi-year lows in Hong Kong after emerging from a seven-day trading halt, even as they tried to draw a distance from their embattled parent, which has missed payments on an offshore bond and high-yielding financial products.Kaisa Prosperity Holdings retraced 10.6 per cent to HK$13.50 as the management services unit clawed back some of its 16.6 per cent plunge, the biggest intraday drop since its 2019 initial public offering. Kaisa…
Source : South China Morning Post
Read more…Shares of Kaisa units tumble in Hong Kong even as they distance themselves from the travails of their indebted parent
