Kaisa Group Holdings Ltd and three of its units had their shares suspended from trading on Friday, a day after an affiliate missed a payment to onshore investors as China's snowballing property debt crisis jolts other developers.
China's property sector woes have shed light on a unique off-balance-sheet funding source used by the industry called wealth management products (WMPs) and often sold to retail investors.
China Evergrande Group's automotive unit is nearing a sale of U.K. startup Protean Electric to e-mobility company Bedeo, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
Chinese property developer Kaisa Group Holdings Ltd said on Thursday its finance unit had missed a payment on a wealth management product (WMP), adding to worries about a cash crunch at the debt-strapped company.
Vietnam's Bamboo Airways on Wednesday signed a memorandum of understanding with a joint venture between General Electric and Safran SA for the purchase of aircraft engines and equipment worth up to 1.73 billion euros ($2 billion).