{"id":139812,"date":"2023-10-10T18:44:07","date_gmt":"2023-10-10T11:44:07","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-chinese-developer-kaisa-tells-court-creditors-will-get-less-than-5-of-their-money-back-if-it-is-liquidated\/"},"modified":"2023-10-10T18:48:31","modified_gmt":"2023-10-10T11:48:31","slug":"debt-stricken-chinese-developer-kaisa-tells-court-creditors-will-get-less-than-5-of-their-money-back-if-it-is-liquidated","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-chinese-developer-kaisa-tells-court-creditors-will-get-less-than-5-of-their-money-back-if-it-is-liquidated\/","title":{"rendered":"Debt-stricken Chinese developer Kaisa tells court creditors will get less than 5% of their money back if it is liquidated"},"content":{"rendered":"


\nThe debt-stricken property developer has said it is \u2018cashflow insolvent\u2019 and that its creditors will get less than 5 per cent of their money back if it is forced into liquidation, a court heard.
\n
\nSource : South China Morning Post
\nRead more…Debt-stricken Chinese developer Kaisa tells court creditors will get less than 5% of their money back if it is liquidated<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The debt-stricken property developer has said it is \u2018cashflow insolvent\u2019 and that its creditors will...<\/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-139812","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-An2","jetpack-related-posts":[{"id":123432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-fantasia-becomes-first-chinese-developer-to-face-a-wind-up-petition-possible-liquidation\/","url_meta":{"origin":139812,"position":0},"title":"Debt-stricken Fantasia becomes first Chinese developer to face a wind-up petition, possible liquidation","date":"November 26, 2021","format":false,"excerpt":"\r Fantasia Holdings Group said a major subsidiary was facing a wind-up petition filed by its creditors, which could force the debt-ridden Chinese developer into insolvency.The Shenzhen-based developer said in a stock exchange filing on Thursday evening that the petition was related to a US$149 million loan of which Fantasia\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisas-debt-restructuring-plan-gains-support-from-over-80-per-cent-of-overseas-creditors\/","url_meta":{"origin":139812,"position":1},"title":"Kaisa\u2019s debt restructuring plan gains support from over 80 per cent of overseas creditors","date":"March 18, 2016","format":false,"excerpt":"\r Troubled Chinese developer Kaisa Group, which has been struggling to restructure its debt after defaulting on US dollar bonds, said it has won support from investors representing more than 80 per cent of its offshore debt claims.\r \r Source : South China Morning Post\r Read more...Kaisa\u2019s debt restructuring plan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-says-it-has-creditors-support-as-it-unveils-debt-workout-plan-to-avoid-liquidation\/","url_meta":{"origin":139812,"position":2},"title":"Kaisa says it has creditors\u2019 support as it unveils debt workout plan to avoid liquidation","date":"August 20, 2024","format":false,"excerpt":"\r Kaisa, with 226.4 billion yuan in total liabilities, has spent more than two years on its restructuring plan since missing its payments in late 2021.\r \r Source : South China Morning Post\r Read more...Kaisa says it has creditors\u2019 support as it unveils debt workout plan to avoid liquidation","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":139812,"position":3},"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":2193,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-labels-farallon-led-debt-proposal-as-not-commercially-viable\/","url_meta":{"origin":139812,"position":4},"title":"Kaisa labels Farallon-led debt proposal as not \u2018commercially viable\u2019","date":"January 21, 2016","format":false,"excerpt":"\r Debt-laden Kaisa Group, the first mainland Chinese developer to have defaulted on its offshore bonds, said an alternative restructuring proposal it received a week ago is not \u201ccommercially viable,\u201d according to a statement.\r \r Source : South China Morning Post\r Read more...Kaisa labels Farallon-led debt proposal as not \u2018commercially\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146735,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-times-china-get-reprieves-in-hong-kong-winding-up-cases-promise-debt-workout-plans\/","url_meta":{"origin":139812,"position":5},"title":"Kaisa, Times China get reprieves in Hong Kong winding-up cases, promise debt workout plans","date":"August 12, 2024","format":false,"excerpt":"\r The developers, which defaulted on a combined US$15 billion of offshore debts, get four- and 10-week adjournments, respectively, in their hostile lawsuits from creditors.\r \r Source : South China Morning Post\r Read more...Kaisa, Times China get reprieves in Hong Kong winding-up cases, promise debt workout plans","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\/139812"}],"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=139812"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139812\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=139812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=139812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=139812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}