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Contagion worries as Chinese property developer Sinic sinks 87pc – Sydney Morning Herald

The move comes as Hong Kong’s property gauge dropped the most since May 2020 amid growing investor angst about China’s real estate…

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Sinic Holdings Group has halted trading after an 87 per cent slump in its shares on Monday afternoon.
The Shanghai-based developer didnt give any reason for the trading halt in Hong Kong. The sudden selloff in the last two hours leading up to the suspension…

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