Country Garden to suspend trading of at least 10 onshore bonds

Beijing: Country Garden Real Estate Group Co Ltd says it will suspend trading in nearly a dozen onshore bonds starting today, two days after the Chinese real estate company’s controlling shareholder said it would report a multi-billion-dollar loss for the first half of this year.

Six yuan-denominated corporate bonds issued in 2021 and 2022 will be suspended from trading effective at the market opening, the company, formerly China’s largest developer by sales, said in filings to Shenzhen Stock Exchange last Saturday night.