Shares of Chinese companies are trading lower after property developer, China Evergrande Group, filed for Chapter 15 bankruptcy protection in New York.
Portfolio Pulse from Benzinga Newsdesk
Chinese companies' shares are trading lower following the filing for Chapter 15 bankruptcy protection in New York by property developer, China Evergrande Group.
August 18, 2023 | 1:47 pm
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NEGATIVE IMPACT
Bilibili Inc.'s shares may be negatively impacted by the bankruptcy filing of China Evergrande Group.
As a Chinese company, Bilibili Inc. may be indirectly affected by the bankruptcy filing of China Evergrande Group, leading to a potential drop in its share price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Huazhu Group Limited's shares may be negatively impacted by the bankruptcy filing of China Evergrande Group.
As a Chinese company, Huazhu Group Limited may be indirectly affected by the bankruptcy filing of China Evergrande Group, leading to a potential drop in its share price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Trip.com Group Limited's shares may be negatively impacted by the bankruptcy filing of China Evergrande Group.
As a Chinese company, Trip.com Group Limited may be indirectly affected by the bankruptcy filing of China Evergrande Group, leading to a potential drop in its share price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Yum China Holdings, Inc.'s shares may be negatively impacted by the bankruptcy filing of China Evergrande Group.
As a Chinese company, Yum China Holdings, Inc. may be indirectly affected by the bankruptcy filing of China Evergrande Group, leading to a potential drop in its share price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50