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.
August 12, 2024
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