China s Kaisa Group Holdings Ltd said on Friday it had failed to secure the minimum 95% approval needed from its offshore bondholders to extend the maturity of a $400 million note that is due next. | December 2, 2021
BEIJING: In less than two years, Chinese property developer Kaisa Group Holdings Ltd has gone from being an up-and-coming player in Hong Kong’s property market to a desperate seller.
Chinese property developer Kaisa Group Holdings Ltd said on Friday it failed to secure the minimum 95% approval it needed from offshore bondholders to extend the maturity of a $400 million note due next week, raising the risk of a default.
Chinese property developer Kaisa Group Holdings Ltd said on Friday it failed to secure the minimum 95% approval it needed from offshore bondholders to extend the maturity of a $400 million note due next week, raising the risk of a default.