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Sing Tao Daily gets a new co-owner after Kaisa magnate's daughter sells half of her controlling stake to scion of Hong Kong's 'Toy King'

The sale was much needed by Kaisa, which ranks as the second-largest Chinese debtor on the offshore bond market, with US$11.4 billion of outstanding bonds and US$200 million of perpetual notes due in 2026.
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Source: scmp.com

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