Shares in the country's 30th-largest developer slid 10% in Monday morning trade while its bond prices also tumbled

China's 30th largest developer by sales has seen its shares seesaw. The stock rose as much as 12% on Tuesday after a 13% drop on Monday

Shares and foreign bonds of Zhenro slumped again on Monday, after it said existing resources may be insufficient to repay debt due in March

A Zhenro Sept 2024 exchange-traded bond slumped more than 25%, triggering a trading suspension, while onshore bonds issued by units of Logan, R&F, Shimao and Ronshine also fell

Local financial media Cailianshe said Zhenro had denied market speculation it had plans to restructure its dollar bonds