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Chinese developers’ shares collapsed mysteriously in Hong Kong

A number of Chinese mainland property developers see their Hong Kong-listed stocks crash without warning in afternoon trading, led by Jiayuan International Group Ltd. and Sunshine 100 China Holdings Ltd. which was down by more than 80 per cent in a matter of minutes.

Jiayuan International Group, the mainland-based developer which is behind the T Plus micro flat project in Tuen Mun, Hong Kong, plunged 80.6 per cent to HK$2.52 at the close, with HK$26 . . .

 

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