The daughter of Kaisa Group chairman Kwok Ying-shing has agreed to sell half of her 28.4 percent shareholding in Hong Kong-listed publisher Sing Tao News, as the developer continues to pare back its holdings after defaulting on offshore debt late… Read More>>
Kaisa Speeds Up Asset Disposals as Fitch Slashes Ratings After Missed Debt Deadline
Kaisa Group Holdings on Monday confirmed reports that it has begun marketing assets in an effort to meet overdue credit obligations, after its four Hong Kong-listed units halted trading on Friday following the Shenzhen developer’s admission on Thursday that it… Read More>>
Kaisa Selects Chairman’s Son as Co-President of Shenzhen Developer
In what is shaping up to be another busy year in succession planning in the Pearl River Delta, Kaisa Group Holdings Ltd announced to the Hong Kong stock exchange this month that Kwok Hiu-kwan, son of Kaisa co-founder… Read More>>
Mingtiandi Leads HK Panel with Vanke and Ping An
With cross-border real estate investments from China heading past $15 billion per year for the first time in 2015, last week’s PERE Global Investor Forum event in Hong Kong attracted a crew of industry heavyweights to discuss industry trends and… Read More>>
Kaisa Defaults and Investors Go Back to School
“Collapse.” “Bloodbath.” “Buckled under its debts.”
Troubled China real estate developer Kaisa Group Holdings defaulted on $52 million of interest payments on offshore bonds worth $800 million over the weekend, and the news accounts have been letting us know that it’s… Read More>>
Bondholders Cheer as Kaisa Founder Returns to Helm of Shenzhen Developer
In an abrupt reversal following months of conflict with the Shenzhen city government, Kwok Yingshing today was reappointed to his position as chairman of the board of troubled real estate developer Kaisa Holdings.
The reinstatement of Kwok at the head… Read More>>
Kaisa Creditors Won’t Be Fully Paid Developer Warns
The last-minute rescue of Kaisa Group Holdings lost some of its “happily ever-after” element this week when the troubled real estate developer warned creditors not to expect all of the money that they originally were promised.
In a statement yesterday… Read More>>
Kaisa Saved From Default by Sunac Buyout
China’s Kaisa Group may have been saved from default today when Sunac chairman Sun Hongbin announced that his company would be acquiring a 49.3 percent stake in the troubled real estate developer.
Sun said in an interview at Kaisa’s headquarters… Read More>>
Confusion Reigns as Kaisa CEO Quits
Kaisa Group announced the latest in a series of unexpected news today when the struggling China real estate developer revealed that its chief executive officer had resigned effective February 1st.
In a statement to the Hong Kong stock exchange, Kaisa… Read More>>
Sale of Kaisa to Sunac Expected Before Feb 9 Deadline
The credit crisis surrounding troubled Chinese real estate developer Kaisa Group is expected to be resolved soon, as Sunac China is said to have reached a deal to acquire the company.
According to a report in Chinese business news site… Read More>>