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China's Gemdale sees stocks and bonds dive, latest firm affected by property crisis fears

China's Gemdale saw its stocks and bonds plunge on Tuesday after the resignation of its chairman, as investors took no chances amid the debt crisis in the key real estate sector. Ling Ke, 64, had resigned due to health reasons, Shanghai-listed Gemdale announced on Monday evening, adding that he would be replaced by company president Huang Juncan. It did not elaborate on the health reasons. ....

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China's Gemdale sees stocks and bonds dive, latest firm affected by property crisis fears | WKZO | Everything Kalamazoo

By Xie Yu and Li Gu HONG KONG/SHANGHAI (Reuters) - China's Gemdale saw its stocks and bonds plunge on Tuesday after the resignation of its chairman, b. ....

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Gemdale plunges as chairman quits

Staff reporter and Bloomberg Shanghai-listed developer Gemdale Corp has announced that chairman Ling Ke resigned "due to his health problems. ....

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