{"id":123037,"date":"2021-11-05T12:26:40","date_gmt":"2021-11-05T05:26:40","guid":{"rendered":"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\/"},"modified":"2021-11-05T14:03:35","modified_gmt":"2021-11-05T07:03:35","slug":"kaisa-to-sell-assets-after-missing-payment-as-it-faces-a-hectoring-by-shenzhen-authorities-and-groups-stocks-halt-trading-in-hong-kong","status":"publish","type":"post","link":"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\/","title":{"rendered":"Kaisa to sell assets after missing payment as it faces a hectoring by Shenzhen authorities and group\u2019s stocks halt trading in Hong Kong"},"content":{"rendered":"


\nKaisa 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 projects with 1.45 million square metres (15.6 million square feet) in Shenzhen on the auction block, with a combined value estimated at 81.82 billion yuan (US$12.8 billion), according to a catalogue seen by\u2026
\n
\nSource : South China Morning Post
\nRead more…Kaisa to sell assets after missing payment as it faces a hectoring by Shenzhen authorities and group\u2019s stocks halt trading in Hong Kong<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kaisa Group Holdings is selling assets to raise capital for liabilities including a missed payment...<\/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-123037","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-w0t","jetpack-related-posts":[{"id":49835,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-eyes-2017-turnaround-and-34pc-growth-in-sales-target\/","url_meta":{"origin":123037,"position":0},"title":"Kaisa eyes 2017 turnaround and 34pc growth in sales target","date":"March 27, 2017","format":false,"excerpt":"\r Kaisa Group Holdings Ltd, whose shares resumed trading in Hong Kong for the first time in two years, said it\u2019s confident of a business turnaround in 2017, after the developer reported its long-overdue financial results. The Shenzhen-based developer\u2019s 2016 loss narrowed to 612 million yuan, from a 2015 loss\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-vice-chairmans-bel-air-villa-is-for-sale-in-hong-kong-at-discount-as-developer-disposes-of-assets-to-raise-capital-amid-crippling-debt\/","url_meta":{"origin":123037,"position":1},"title":"Kaisa vice-chairman\u2019s Bel-Air villa is for sale in Hong Kong at discount as developer disposes of assets to raise capital amid crippling debt","date":"May 12, 2022","format":false,"excerpt":"\r Kaisa is struggling to raise cash as it faces US$11.4 billion of outstanding bonds and US$200 million of perpetual notes coming due in 2026, according to Bloomberg\u2019s data.\r \r Source : South China Morning Post\r Read more...Kaisa vice-chairman\u2019s Bel-Air villa is for sale in Hong Kong at discount as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123264,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shares-of-kaisa-units-tumble-in-hong-kong-even-as-they-distance-themselves-from-the-travails-of-their-indebted-parent\/","url_meta":{"origin":123037,"position":2},"title":"Shares of Kaisa units tumble in Hong Kong even as they distance themselves from the travails of their indebted parent","date":"November 16, 2021","format":false,"excerpt":"\r The shares of two units of China\u2019s Kaisa Group plunged to multi-year lows in Hong Kong after emerging from a seven-day trading halt, even as they tried to draw a distance from their embattled parent, which has missed payments on an offshore bond and high-yielding financial products.Kaisa Prosperity Holdings\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123021,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-group-misses-payment-on-wealth-management-product-pleads-for-more-time-to-work-out-a-solution\/","url_meta":{"origin":123037,"position":3},"title":"Kaisa Group misses payment on wealth management product, pleads for more time to work out a solution","date":"November 4, 2021","format":false,"excerpt":"\r Shenzhen-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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-says-its-us150-million-xian-development-project-is-at-risk-over-dispute-with-local-developer-xingzhengyuan\/","url_meta":{"origin":123037,"position":4},"title":"Kaisa says its US$150 million Xi\u2019an development project is at risk over dispute with local developer Xingzhengyuan","date":"January 3, 2019","format":false,"excerpt":"\r Kaisa Group Holdings faces losing its entire investment of almost US$150 million in a key urban redevelopment project, underscoring the vagaries in China\u2019s property market. The Shenzhen-based home builder, which gained notoriety in 2015 when it became the first developer from the nation to default on US dollar debt,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-kaisa-soars-26pc-as-hong-kong-tycoon-laus-family-investment-boosts-confidence\/","url_meta":{"origin":123037,"position":5},"title":"Chinese developer Kaisa soars 26pc as Hong Kong tycoon Lau\u2019s family investment boosts confidence","date":"September 21, 2017","format":false,"excerpt":"\r Shares of Chinese property developer Kaisa Group soared 26 per cent on Thursday morning after it was revealed that tycoon Joseph Lau\u2019s family has invested nearly US$1.2 billion in the company\u2019s offshore debts. Lau\u2019s family, led by his wife Kimbie Chan Hoi-wan, along with their company, Chinese Estates, and\u2026","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\/123037"}],"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=123037"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123037\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}