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Chinese property giant Country Garden extends losses on debt worries

Chinese property giant Country Garden extends losses on debt worries

FILE PHOTO: Workers walk past a construction site of residential buildings by property developer Country Garden in Kunming, Yunnan province, China September 17, 2019. REUTERS/Wong Campion/File Photo

24 Jul 2023 09:49AM (Updated: 24 Jul 2023 09:58AM)

SHANGHAI : Shares in China's property developer Country Garden and its property service arm Country Garden Services Holdings tumbled on Monday, extending losses from the previous week on debt concerns.

Country Garden Services Holdings slumped more than 6 per cent, while Country Garden fell more than 3 per cent to its lowest level since last November.

The Hang Seng Mainland Properties Index declined nearly 3 per cent.

Source: Reuters

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