Kaisa to sell assets after missing payment as it faces a hectoring by Shenzhen authorities and group’s stocks halt trading in Hong Kong

Published Nov 05 2021 at 5:26 AM GMT
  • 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’s 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….



  • Published Nov 5, 2021 5:26 AM GMT