Second HNA Unit Resumes Trading After Long Halt; Stock Plunges
- HNA-Caissa Travel Group plunges by 10% daily limit in Shenzhen
- Bohai Capital also resumed trading this week after long halt
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HNA-Caissa Travel Group Co. dropped by the 10 percent daily limit in Shenzhen trading after it became the second unit of indebted Chinese conglomerate HNA Group Co. to resume trading this week.
HNA-Caissa, which resumed trading on Thursday after a six-month suspension, slumped to 11.61 yuan as of 9:30 a.m., heading for its lowest close since July 2017. Affiliate Bohai Capital Holding Co., which resumed trading on Tuesday after a months-long stock halt, fell for a third straight day.