Fresh jitters in China’s property sector after Kaisa shares suspended

Halt in trading comes amid concerns developer with huge offshore debts may not meet a $400m repayment deadline

Trading in shares of the embattled Chinese developer Kaisa Group Holdings have been suspended on the Hong Kong stock exchange, prompting fresh concerns about the financial stability of the country's indebted property sector.

The suspension on Wednesday comes after Kaisa was reportedly to be struggling to make a loan repayment of $400m (301m) by the deadline of Tuesday night in the US, Reuters said, citing a source with direct knowledge of the matter.