Salem Radio Network News Tuesday, December 7, 2021

Business

Shares of property services unit of China developer Kaisa set to slide as trading resumes

HONG KONG (Reuters) – Shares of Kaisa Prosperity, a property services unit of embattled Chinese property developer Kaisa Group, were set to fall 9.4% on Tuesday as trading resumed, a day after the company said its parent firm’s liquidity issues would not impact their operations.

Kaisa Health and Kaisa Capital were set to open flat on resumed trading.

Kaisa Group’s shares remain suspended as it grapples with a liquidity crisis.

(Reporting By Anne Marie Roantree and Clare Jim; Editing by Kim COghill)

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