Two Chinese language builders sunk deeper into monetary misery, with Kaisa Group Holdings Ltd. failing to tug off a bond swap that may have purchased it extra time to repay collectors, and lenders calling in loans from China Aoyuan Group Ltd. after credit score downgrades.
Hong Kong-listed shares in each firms, which have already dropped steeply this yr, fell additional on Friday, with Kaisa’s inventory shedding practically 9% and Aoyuan falling 12%.