Business

Chinese language Builders Kaisa, Aoyuan Face Rising Debt Challenges

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%.

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