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2024-04-17 07:45:00 ET Summary A unit of China Construction Bank has asked a court to liquidate Shimao Group, which had a net debt ratio of 473.2% at the end of last year. CCB Asia has taken legal action against three Hong Kong-listed Chinese real estate developers so far this yea...
Highly indebted Chinese property developer stocks like Sunac China (OTC:SCCCF) (OTCPK:SNCHY), China Aoyuan (OTCPK:CAOYF), Shimao (OTCPK:SIOPF) (OTCPK:SHMAY) and Kaisa Prosperity (OTCPK:KKPFF) have been suspended from trading after failing to meet an earnings reporting deadline at the end...