{"id":123021,"date":"2021-11-04T21:48:22","date_gmt":"2021-11-04T14:48:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-group-misses-payment-on-wealth-management-product-pleads-for-more-time-to-work-out-a-solution\/"},"modified":"2021-11-04T23:03:13","modified_gmt":"2021-11-04T16:03:13","slug":"kaisa-group-misses-payment-on-wealth-management-product-pleads-for-more-time-to-work-out-a-solution","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-group-misses-payment-on-wealth-management-product-pleads-for-more-time-to-work-out-a-solution\/","title":{"rendered":"Kaisa Group misses payment on wealth management product, pleads for more time to work out a solution"},"content":{"rendered":"


\nShenzhen-based developer Kaisa Group Holdings has missed a payment on a wealth management product (WMP), the latest sign of cracks widening in mainland China\u2019s property sector.Admitting that Kaisa was facing \u201cunprecedented pressure on its liquidity\u201d because of credit rating downgrades and unfavourable market conditions, chairman and chief executive Kwok Ying-shing promised investors that the company will not shirk its responsibilities.\u201cGive us some time, Kaisa will be able to work out a\u2026
\n
\nSource : South China Morning Post
\nRead more…Kaisa Group misses payment on wealth management product, pleads for more time to work out a solution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shenzhen-based developer Kaisa Group Holdings has missed a payment on a wealth management product (WMP),...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123021","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-w0d","jetpack-related-posts":[{"id":123035,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-kaisa-suspends-shares-as-liquidity-problems-spread\/","url_meta":{"origin":123021,"position":0},"title":"Chinese developer Kaisa suspends shares as liquidity problems spread","date":"November 5, 2021","format":false,"excerpt":"\r Wealth management products guaranteed by real estate group miss payment\r \r Source : ft.com\r Read more...Chinese developer Kaisa suspends shares as liquidity problems spread","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-to-sell-assets-after-missing-payment-as-it-faces-a-hectoring-by-shenzhen-authorities-and-groups-stocks-halt-trading-in-hong-kong\/","url_meta":{"origin":123021,"position":1},"title":"Kaisa to sell assets after missing payment as it faces a hectoring by Shenzhen authorities and group\u2019s stocks halt trading in Hong Kong","date":"November 5, 2021","format":false,"excerpt":"\r Kaisa Group Holdings is selling assets to raise capital for liabilities including a missed payment on a wealth product and US$11 billion of dollar bonds, as it faces a hectoring by Shenzhen\u2019s government and the trading of its stocks were halted in Hong Kong.The developer has put 18 property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-kaisa-pleads-for-patience-as-market-strife-spreads\/","url_meta":{"origin":123021,"position":2},"title":"Chinese developer Kaisa pleads for \u2018patience\u2019 as market strife spreads","date":"November 9, 2021","format":false,"excerpt":"\r Real estate groups including Evergrande rush to sell assets as contagion reaches higher-rated debt\r \r Source : ft.com\r Read more...Chinese developer Kaisa pleads for \u2018patience\u2019 as market strife spreads","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123164,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-kaisa-downgraded-as-crucial-payment-deadlines-near\/","url_meta":{"origin":123021,"position":3},"title":"Chinese developer Kaisa downgraded as crucial payment deadlines near","date":"November 11, 2021","format":false,"excerpt":"\r Property company is second-biggest borrower on international high-yield markets after Evergrande\r \r Source : ft.com\r Read more...Chinese developer Kaisa downgraded as crucial payment deadlines near","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-bondholders-reject-company-offer-aimed-at-avoiding-default\/","url_meta":{"origin":123021,"position":4},"title":"Kaisa bondholders reject company offer aimed at avoiding default","date":"November 30, 2021","format":false,"excerpt":"\r Indebted Chinese developer seeks to extend maturity of debt as payment looms next week\r \r Source : ft.com\r Read more...Kaisa bondholders reject company offer aimed at avoiding default","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-kaisa-suspends-share-trading-as-potential-default-looms\/","url_meta":{"origin":123021,"position":5},"title":"Chinese developer Kaisa suspends share trading as potential default looms","date":"December 8, 2021","format":false,"excerpt":"\r Overseas bondholders have yet to receive payment from property group on $400m bond due on Tuesday\r \r Source : ft.com\r Read more...Chinese developer Kaisa suspends share trading as potential default looms","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123021"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123021"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123021\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}