Property News · October 10, 2023

Debt-stricken Chinese developer Kaisa tells court creditors will get less than 5% of their money back if it is liquidated


The debt-stricken property developer has said it is ‘cashflow insolvent’ and that its creditors will get less than 5 per cent of their money back if it is forced into liquidation, a court heard.

Source : South China Morning Post
Read more…Debt-stricken Chinese developer Kaisa tells court creditors will get less than 5% of their money back if it is liquidated

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