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China property crisis: troubled Kaisa tells court creditors will get less than 5% of their money back if it is liquidated

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. ....

Hong Kong , Linda Chan , Hong Kong High Court , China Real Estate Information Corporation , Peak Investment , Shenzhen Based Kaisa , Broad Peak ,