By Jiahui Huang Shares of China Aoyuan Group dived Monday in their first day of trading in more than a year, after the developer completed a series of...
Shares of China Aoyuan Group dived Monday in their first day of trading in more than a year, after the developer completed a series of requirements related to debt restructuring, an internal investigation and the publication of financial results. The trading resumption also comes as China's property market is facing a prolonged downturn.
It added Friday that it has sufficient working capital to meet financial obligations, and that it will continue to operate as a going concern. Trading of Aoyuan shares was halted in April 2022 after the company, like several other property developers in China, delayed the publication of various financial results.
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