Shanghai-listed Poly Real Estate Group saw its shares slump by 3%, while shares in Shenzhen-listed China Vanke fell nearly 2%.
Zhenjiang Xingrun is based in Fenghua, a city in eastern China.
Property developers in China have been a particular source of concern, as many have increased their debt loads in recent years to buy land and build.
At the time, prices for homes had been rising, but now the market appears to be cooling down.
According to data issued by the National Bureau of Statistics - a Chinese government agency - the average price of a new home in 70 Chinese cities increased at a slower pace than in recent months.
Prices in Beijing and Shenzhen each rose 0.2%, which was the slowest pace since October 2012.
Cities in China have sought to combat rising prices amid fears of a bubble, and banks have increasingly tightened lending to real estate firms.