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China Property Stock’s Sudden Plunge on Spinoff Plan Spooks Bondholders May 13 2021, 4:00 PM May 13 2021, 1:42 PM May 13 2021, 4:00 PM (Bloomberg) Anything freaks out China’s dollar bond market these days, especially when it comes to property firms. (Bloomberg) Anything freaks out China’s dollar bond market these days, especially when it comes to property firms. When Central China Real Estate Ltd. shares resumed trading in the afternoon in Hong Kong, they sank as much as 43%. The trigger was expected from Thursday, new shareholders would no longer qualify for a piece of a newly spun-off company, Central China Management Co.

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