Chinese Developer Kaisa to Speed Up Asset Sales After Missing Payment

Chinese property developer Kaisa Group Holdings Ltd.

plans to speed up asset disposals to meet investor obligations, after the indebted companyThe Shenzhen-based company has sufficient “high-quality assets” it can tap to make the payments, Kaisa said in a statement on its website late Monday, adding that it would seek to sell assets in Shenzhen, Shanghai and other places. The developer said it would seek to negotiate a more feasible payment plan with investors and expedite sales at its property-development projects.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese Junk Bond Yields Top 25% as Property-Market Strains IntensifyThe surging bond yields, which imply very high default risks, are adding to Chinese property developers’ problems as they face slowing home sales and regulatory curbs on borrowing. 😡FOTTENDOSENE diMILIONI diLAVORATORIeAZIENDE CheONESTAMENTE PAGANO LeTASSE🤨Praticamente “BRUNETTO” con Questa Sua Dichiarazione StaLEGITTIMANDO il DiRiTTO delleIMPRESE ad EVADERE IL FISCO😳😱 🤔inAltreParole Abbiamo UnCRIMINALE PazzoFURiOSO al GOVERNO🤯 Of borrowing time. :{ thanks
Source: WSJ - 🏆 98. / 63 Read more »