Real Estate Daily Report

China developers flag risks after sharp share price rebound

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

SHANGHAI : Recent sharp increases in China property stocks have prompted some developers, including Tahoe Group and Sichuan Languang Development Co, to flag investment risks, citing poor fundamentals.China's CSI300 Real Estate Index hit a two-month high on Tuesday, and has rebounded almost 20per cent from

SHANGHAI : Recent sharp increases in China property stocks have prompted some developers, including Tahoe Group and Sichuan Languang Development Co, to flag investment risks, citing poor fundamentals.

Tahoe Group, a struggling developer whose shares have surged 21per cent this week, cautioned investors against risks on Wednesday. Sichuan Languang, which had defaulted on debts worth 25.9 billion yuan, said the company had made little process in debt restructuring.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China urges real estate project acquisitions to aid struggling developers -state mediaSHANGHAI : China is urging large private and state-owned property companies to acquire real estate projects from troubled developers to reduce risks that mounting debt piles will destabilise the economy, the official China Securities Journal said on Monday.The People's Bank of China (PBOC) and the China B
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »