50% Off, Homes Unsold: No One Dares Buy! Two Top Chinese Real Estate Firms Delisted
50% Off, Homes Unsold: No One Dares Buy! Two Top Chinese Real Estate Firms Delisted
Udumbara
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As Chinese property prices plummet significantly, real estate companies are collapsing one after another. Firms like Yango Group, Tahoe Group, Sundy Group, and Oceanwide Holdings have been delisted. Later, two of China's long-standing real estate giants listed on the A-share market, Shanghai Shimao Property Holdings Limited, with the stock name of ST Shimao and Jiangsu Zhongnan Construction Group Co., Ltd., known as ST Zhongnan, are now facing delisting. In Chinese stocks, "ST" stands for "Special Treatment" or "Special Treatment Stock. It indicates that the company has encountered financial or operational issues that could pose risks to investors. Despite efforts such as executives increasing their shareholdings and selling assets to shore up their positions, these companies ultimately failed to reverse their fortunes.
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