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Struggling Chinese companies rush to sell properties to bolster books, avoid delisting

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Struggling Chinese companies on the brink of delisting or facing net losses this year are turning to the real estate market to bolster their books and avoid being delisted.

Twenty-three publicly-trade companies have announced plans to sell real estate holdings in the fourth quarter, according to stock exchange disclosures, with 12 of them having made net losses in the first three quarters.

Shenzhen Quanxinhao Co., Ltd., a company principally engaged in property management . . .

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