Chinese developers Kaisa Group and Times China face HK court to avoid liquidation after bond defaults.

Chinese property developers Kaisa Group & Times China Holdings face creditors in HK court to avoid liquidation, with Kaisa defaulting since 2021 & Times China defaulting in early 2023. If liquidated, Kaisa would be the 2nd largest Chinese developer after Evergrande. Both companies' winding-up petitions filed by hedge funds & creditor groups stem from bond defaults.