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Stock exchange suspends Chinese developers for missing annual earnings deadlines


Several major Chinese real estate stocks ceased trading on Friday amid a wave of stock suspensions for Hong Kong-listed companies that failed to release their annual results on time.

The city’s stock exchange operator, Hong Kong Exchanges & Clearing Ltd., suspended 32 shares for failing to meet a reporting deadline at the end of March. Companies involved include major real estate companies such as Sunac China Holdings Ltd., China Aoyuan Group Ltd., Shimao Group Holdings Ltd. and Kaisa Group Holdings Ltd.

wsj

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