Tag: Kaisa Group

Evergrande, Kaisa Cut by Fitch to ‘Default’ After Missed Payment Deadlines

December 9, 2021
ChinaChina Business & EconomyChina Evergrande Groupdebt defaultHK BusinessHong KongKaisa Group
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HONG KONG/LONDON—Ratings agency Fitch downgraded property developers China Evergrande Group and Kaisa Group on Thursday, saying they had defaulted on offshore bonds, while a source said Kaisa had started to work on restructuring its $12 billion offshore debt. The downgrades to so-called “restricted default” status come even though Evergrande and Kaisa have not officially announced…

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Chinese Real Estate Developer Kaisa’s Debt Defaults Reflect CCP Infighting: Expert

November 9, 2021
AnalysisChinaFantasia HoldingsKaisa GroupOpinionZhou Yongkang
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News Analysis Investors of Kaisa Group, one of China’s most active real estate developers, on Nov. 3 unexpectedly received a notice of overdue debt defaults from the company. A similarly unexpected default happened just one month earlier with another real estate developer, Fantasia Holdings. Ji Da, China affairs expert who lives in the United States,…

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