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Country Garden shares drop 5% after reports it scrapped $300 million share sale

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Chinese property stocks slid Tuesday, after Country Garden scrapped its $300 million primary share placement.

Chinese property stocks slid Tuesday, after reports that Country Garden scrapped its $300 million primary share placement.

In this articleCountry Garden canceled its share placement shortly after midnight, a report by IFR revealed, citing bookrunner JPMorgan.fell 5.06% on Tuesday, following multiple reports that the Chinese real estate developer had scrapped its $300 million primary share placement.Its property services arm

 

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