Jiayuan International is the co-developer of the T-Plus micro-home residential project in Tuen Mun. Photo: Edward Wong
Jiayuan International is the co-developer of the T-Plus micro-home residential project in Tuen Mun. Photo: Edward Wong
Stocks

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

  • Shares of Jiayuan International Group and its property management arm Jiayuan Services Holdings plunged before a trading suspension was put in place
  • The stock 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

Jiayuan International is the co-developer of the T-Plus micro-home residential project in Tuen Mun. Photo: Edward Wong
Jiayuan International is the co-developer of the T-Plus micro-home residential project in Tuen Mun. Photo: Edward Wong
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