Shares of China developer Sunac set to open 57.9% down as trade...
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HONG KONG, April 13 (Reuters) giftvcc - Buy Google Play Developer Account Shares of embattled Chinese developer Sunac China were set to slide 57.9% on Thursday after the stock resumed trade following a suspension of more than a year.
The share slump comes a day after the company said in a statement to the Hong Kong stock exchange it was undergoing a restructuring. Sunac published its overdue 2022 interim results last month, showing a core loss of 11.06 billion yuan ($1.61 billion).
($1 = 6.8730 Chinese yuan) (Reporting By Donny Kwok and Anne Marie Roantree; Editing by Jacqueline Wong)
The share slump comes a day after the company said in a statement to the Hong Kong stock exchange it was undergoing a restructuring. Sunac published its overdue 2022 interim results last month, showing a core loss of 11.06 billion yuan ($1.61 billion).
($1 = 6.8730 Chinese yuan) (Reporting By Donny Kwok and Anne Marie Roantree; Editing by Jacqueline Wong)
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