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Chinese property firm Country Garden set to be removed from Hong Kong’s Hang Seng Index
Chinese real estate company Country Garden Holdings is set to be removed from Hong Kong’s Hang Seng Index.Shares of the firm are down around 70% since the beginning of this year amidst failed bond coupon payments, a profit warning and suspended trading in 11 of its onshore bonds.The removal will take place after the latest quarterly review on the Index. Pharmaceutical firm Sinopharm will be added in its place. Country Garden Services Holdings, a Country Garden affiliate, will also be removed...
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Posted: Aug 21 2023, 02:25
Author Name: forexlive
Views: 111887