Zhitong Financial APP learned that Tianyu Real Estate (00059) fell more than 9% in early trading. As of press time, it fell 8.16% to HK $0.09, with a turnover of HK $44.0117 million.
In the news, Tianyu Real Estate notice refers to Tianyu Real Estate notice dated June 26th, 2022, relating to a secured loan with an outstanding overdue principal of HK $340 million and its accrued interest. At the request of the Company, as a result of cross-default on each debt, trading in corporate bonds (stock codes: 5310, 5311, 5367, 5379, 5567, 5580, 5602, 5626, 5821 and 5855) will be suspended on the Hong Kong Stock Exchange from 09:00 on June 28, 2022 until further notice.