Kaisa Group On Nov News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Some people thrive on defaults and restructurings, but they’re rarely company bosses. Kaisa founder and chairman Kwok Ying-shing may be an exception. The Chinese developer, which put its creditors through the wringer six years ago, is asking holders of $400 million in bonds due to be repaid next month to effectively wait another 18 months to help it avoid another restructuring. But they are being offered little reward and will take added risk. It’s hard to see how this deal will avoid the rougher option. ....

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