China's Zhenro Properties slumps, says it may not have capital to repay debt

China's Zhenro Properties slumps, says it may not have capital to repay debt

Shenzhen, China. Photo by Darmau Lee on Unsplash

Shares and international bonds of Zhenro Properties slumped further on Monday, after it said existing internal resources may be insufficient to repay debt due in March, including a $200 million perpetual bond it has previously said it would redeem.