Property News · March 24, 2017

China’s Kaisa Group almost back from the dead


Is that a glimmer of light at the end of the tunnel for Kaisa Group Holdings?
Perhaps. Saddled with the ignominious label of being the first and only Chinese property developer to default on overseas debt, Kaisa is finally going to hold a board meeting — after several delays — to approve the publication of its annual results for the first time in three years.
Releasing the long overdue results is the final condition the Shenzhen-based developer needs to meet before applying to lift its two-…

Source : South China Morning Post
Read more…China’s Kaisa Group almost back from the dead

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