Shares of developer Sunac China plunge 55 pc after 13-month suspension

Georgia [US], April 14 (ANI): Shares of Sunac China, one of the country's formerly high-flying property developers, dropped 55 per cent on Thursday after resuming trading for the first time in more than a year, The Wall Street Journal reported.

Sunac China Holdings was among dozens of real-estate companies that defaulted on their international bonds over the past 18 months. According to WSJ, its Hong Kong-listed shares we