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Payment overdue on Kaisa-guaranteed investment product, says Securities Times

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SHANGHAI : Payment on an investment product issued by Kaisa Finance and guaranteed by developer Kaisa Group Holdings IS overdue, the Securities Times newspaper reported on Thursday.Kaisa Group told the paper that it faces unprecedented liquidity pressure owing to rating downgrades and a tough property mar

SHANGHAI : Payment on an investment product issued by Kaisa Finance and guaranteed by developer Kaisa Group Holdings IS overdue, the Securities Times newspaper reported on Thursday.

Kaisa Group told the paper that it faces unprecedented liquidity pressure owing to rating downgrades and a tough property market.Source: Reuters

 

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