China court orders developer SRE to sell majority stake in Shanghai venture to repay loans [Yahoo! Finance]
CHINA CONSTR BK UNSP/ADR (CICHY)
NASDAQ:AMEX Investor Relations:
ccb.com/en/newinvestor/index.html
Company Research
Source: Yahoo! Finance
SRE, a unit of embattled conglomerate China Minsheng Investment Group, said four units that collectively held 51 per cent of Shanghai Jinxin were unable to fulfil their obligations under a court order to pay the loans. They were also ordered to separately pay 4.52 million yuan of "enforcement fee" by the court. The loan originated from a 5 billion yuan syndication arranged by Industrial & Commercial Bank, Agricultural Bank of China, China Construction Bank and Shanghai Pudong Development Bank. The borrowers have failed to service the loan since March 2022, according to the filing. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The order issued by the Shanghai Financial Court represents yet another judicial intervention sought by creditors as more distressed mainland home builders st
Show less
Read more
Impact Snapshot
Event Time:
CICHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CICHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CICHY alerts
High impacting CHINA CONSTR BK UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CICHY
News
- 3 years after Evergrande crisis, China's key banks struggle to cap property risk exposure [Yahoo! Finance]Yahoo! Finance
- China Market Update: Hong Kong Shrugs Off Pessimism, Global Overweight Trades Crushed [Forbes]Forbes
- China Market Update: Hong Kong Gains, Mortgage Refinancing Powers Real Estate, Week In Review [Forbes]Forbes
- China's top banks post lower second quarter profit as property sector weighs [Yahoo! Finance]Yahoo! Finance
- 3 SEHK Dividend Stocks Yielding Over 6% For Your Portfolio [Yahoo! Finance]Yahoo! Finance