China's Jinke Smart Services halts trading ahead of M&A announcement

Beijing, China. Photo by zhang kaiyv on Unsplash

Chinese property management firm Jinke Smart Services Group Co said on Monday its Hong Kong-listed shares were halted from trading pending an announcement related to mergers and acquisitions.

The trading halt followed reports last week that parent company Jinke Property Group – China’s 21st largest developer by sales – might not be able to refinance maturing onshore bonds and could extend repayments due later this week.

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