Cash-strapped Shanghai-listed Chinese property developer Sichuan Languang Development is facing delisting risks, after its closing price fell below one yuan per share for two consecutive days and the company warned of insolvency.
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Shanghai-listed developer on the ropes after share plunge
Sichuan Languang Development's stock fell below one yuan, warns of insolvency
Shanghai-listed property developer Sichuan Languang Development is facing delisting. (Photo courtesy of Sichuan Languang)
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