Yangzijiang Financial falls nearly 16% to 2-year low on expected reversal into red
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Yangzijiang Financial shares fell nearly 16% to a two-year low of S$0.29 amid heavy trading, following the company's forecast of a loss for the second half and full fiscal year. The decline is attributed to substantial credit loss allowances after a review of its debt investment portfolio, reflecting updated credit risk profiles in China's real estate and credit markets. The stock was the second most heavily traded on the Singapore Exchange, with over 54 million shares changing hands.
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