While investors await word on the future of Evergrande, the troubled Chinese real estate giant, two other property companies are raising questions about their ability to repay loans.
Evergrande's stock was suspended on Monday in anticipation of "an announcement containing inside information about a major transaction."
According to reports, the company is planning to sell a significant portion of one of its businesses.
In recent weeks, Evergrande has struggled to make debt interest payments.
Meanwhile, two more Chinese real estate companies have run into financial difficulties due to late debt payments. Due to Evergrande's recent troubles, the sector is currently under scrutiny.
On Tuesday, Sinic Holdings was downgraded by a global rating agency, becoming the latest Chinese developer to be lowered.
Fitch Ratings downgraded Sinic after the business stated it had missed interest payments and was unsure about a $246 million bond repayment due later this month.
Last month, the CEO of Shanghai-based Sinic made news when he lost more than a billion dollars in a market selloff connected to Evergrande fears.
According to Forbes, Zhang Yuanlin's wealth dropped from $1.3 billion (£0.96 billion) to $250.7 million on September 20, when his business was forced to cease trading its shares in Hong Kong due to an almost 90% collapse in their value.
Fantasia Holdings, based in Shenzhen, announced on Monday that it had defaulted on a $205.7 million bond.
The market value of the Chinese homebuilder's dollar-denominated bonds plummeted by over 50% as a result.
Beijing has remained silent on Evergrande's financial woes, despite signals from the country's central bank and official media that the government is willing to assist those who are vulnerable to the housing market.
According to Chinese media sources, rival Hong Kong-listed property developer Hopson Development will buy a 51 percent share in Evergrande Real Estate for roughly $5 billion.
The proposed deal would provide a much-needed cash injection to the world's most indebted property developer, trying to acquire funds to pay customers, investors, and suppliers.
In recent weeks, fears have grown that Evergrande's problems may extend throughout the world's second-largest economy, affecting global financial markets.
