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Kaisa Group: Broad Peak Investment filed a winding-up petition against Kaisa in July in the Hong Kong High Court in relation to non-payment of onshore bonds worth 170 million yuan ($23.28 million). ....
China developer Kaisa says creditors will get less than 5% back if liquidated bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
Struggling Chinese property developer Kaisa Group said creditors would get less than 5% of their money back if it is forced into liquidation, a lawyer for one creditor who is suing the company told a. ....
The debt-stricken property developer has said it is ‘cashflow insolvent’ and that its creditors will get less than 5 per cent of their money back if it is forced into liquidation, a court heard. ....
Kaisa Group has delayed talks with offshore creditors on debt restructuring terms as the executive now leading the negotiations at the Chinese developer prefers to wait for uncertainty in the. | November 19, 2022 ....