How large is the fallout from investment in heavily indebted Chinese property developers, such as China Evergrande Group and Kaisa Group Holdings For Hong Kong property developer, Chinese Estates Holdings, the cost is more than $1 billion, as well as the sacrifice of its spot on the Hong Kong Stock Exchange HKEX.
On December 6, the company announced plans to withdraw its listing from the Hong Kong bourse on 24 January 2022. Originally, it had scheduled withdrawal for 13 January 2022, according to an announcement in late November.
Revealing one of the reasons behind its decision to privatise, a statement by the group on November...
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