Cash-strapped Shanghai-listed Chinese property developer Sichuan Languang Development Co. Ltd. is facing delisting risks, after its closing price fell below one yuan per share for two consecutive days and the company warns of insolvency. Shares of Sichuan Languang tumbled 7.77% from 1.07 yuan ($0.16) to close at 0.95 yuan on Thursday. On Friday, the company closed further down 2.11% to 0.93 yuan per share.

https://www.caixinglobal.com/2023-04-08/shanghai-developer-on-the-ropes-after-share-plunge-102016985.html

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