Tag: Kaisa Group Holdings

China’s Kaisa Struggles for Relief From Bondholders as Default Risk Looms

December 2, 2021
bondholdersChinaChina Business & EconomyChinese property developersKaisa Group Holdings
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HONG KONG—Chinese developer Kaisa Group Holdings Ltd. is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers. Kaisa’s proposal to delay the maturity of the bond by 18 months comes against the backdrop of growing creditor concerns about…

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Chinese Developer Kaisa Unit Misses Payment, Debt Worries Mount

November 5, 2021
Business & EconomyChinaChina Business & EconomyChinese property developerCompaniesKaisa Group HoldingsMarketsUS
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SHENZHEN, China/HONG KONG—Chinese property developer Kaisa Group Holdings Ltd. said on Thursday its finance unit had missed a payment on a wealth management product (WMP), adding to worries about a cash crunch at the debt-strapped company. Kaisa’s troubles come amid concerns about a deepening liquidity crisis in the Chinese property sector, with a string of…

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