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>>
“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>>
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>>
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 to… Read More>>
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>>
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>>
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>>
Chinese real estate developer Kaisa Group dug itself still deeper into default yesterday when the Hong Kong-listed company failed to make $26 million in interest payments due on offshore bonds.
The bond default is Kaisa’s second failure to meet debt… Read More>>
Kaisa Group, which defaulted on a $51.6 million loan last week, is said to have become the biggest of China’s real estate developers to go bankrupt today when the Hong Kong-listed company decided that it was ceasing all activities until it could… Read More>>
Kaisa Group Holdings may be in danger of becoming the biggest Chinese real estate developer to collapse as a result of the country’s property slump, after the Hong Kong-listed company defaulted on a HK$400 million ($51.6 million) loan on Wednesday.