Chinese property giant Country Garden extends losses on debt worries

Country Garden Services Holdings

24/07/2023 02:33

SHANGHAI, July 24 (Reuters) - Shares in China's property
developer Country Garden  2007.HK  and its property service arm
Country Garden Services Holdings  6098.HK  tumbled on Monday,
extending losses from the previous week on debt concerns.
    Country Garden Services Holdings slumped more than 6%, while
Country Garden fell more than 3% to its lowest level since last
November.
    The Hang Seng Mainland Properties Index  .HSMPI  declined
nearly 3%.

 (Reporting by Shanghai Newsroom; Editing by Kim Coghill)
 ((Jason.Xue@thomsonreuters.com;))