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Top related persons:
Aly - 1 Kaisa - 1 James Wood - 1 Linda Chan - 1 Clare Jim - 1 Kim Coghill - 1
Top related locs:
Shanghai China HONG KONG Hong Kong Shenzhen Hong Kong . Hong Kong
Top related orgs:
Kaisa Holdings - 1 Shanghai Kaisa Financial - 1 REUTERS - 1 Kaisa - 1 HK - 1 Investment - 1 Hong Kong High Court - 1 China Evergrande - 1

Search resuls for: "Shanghai Kaisa Financial"


3 mentions found


☆ China developer Kaisa tells court creditors will get less than 5% back if liquidated
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +2 min
Signs the Kaisa Holdings Group are seen at the Shanghai Kaisa Financial Centre, in Shanghai, China, December 7, 2021. Hong Kong is a special administrative region of China but maintains its own legal system. With $12 billion of offshore debt, Kaisa is China's largest issuer of offshore debt among developers after China Evergrande Group (3333.HK). It had 232.5 billion yuan ($31.91 billion) of total liabilities as of the end of June, including 37.6 billion yuan ($18.88 billion) of total borrowings. ($1 = 7.2872 Chinese yuan renminbi)Reporting by Clare Jim; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Aly, Kaisa, James Wood, Linda Chan, Clare Jim, Kim Coghill Organizations: Kaisa Holdings, Shanghai Kaisa Financial, REUTERS, Kaisa, HK, Investment, Hong Kong High Court, China Evergrande, Thomson Locations: Shanghai, China, HONG KONG, Hong Kong, Shenzhen, Hong Kong . Hong Kong
☆ EXCLUSIVE Kaisa offshore creditors offer $2 bln to take over stalled projects - sources
  + stars: | 2022-09-19 | by ( Clare Jim | ) www.reuters.com   time to read: +5 min
A sign of the Kaisa Holdings Group is seen at the Shanghai Kaisa Financial Centre, in Shanghai, China, December 7, 2021. It also comes as authorities are scrambling to contain a mortgage boycott by homebuyers against stalled projects. The offshore bondholder group, which is being represented by financial advisory group Lazard Ltd, made the offer to acquire Kaisa's stalled projects to the developer's advisor CITIC Securities, said the people. As most of Kaisa's projects are in top-tier Chinese cities, where housing prices are relatively resilient, bondholders expect to reap the profits after the completion of the stalled projects, said the two people. It is unclear how many stalled projects would be covered by the bondholder group's offer, and how many of them meet the purchase criteria laid out by the group.
☆ Exclusive: Kaisa offshore creditors offer $2 billion to take over stalled projects
  + stars: | 2022-09-19 | by ( Clare Jim | ) www.reuters.com   time to read: +5 min
A sign of the Kaisa Holdings Group is seen at the Shanghai Kaisa Financial Centre, in Shanghai, China, December 7, 2021. It also comes as authorities are scrambling to contain a mortgage boycott by homebuyers against stalled projects. The offshore bondholder group, which is being represented by financial advisory group Lazard Ltd, made the offer to acquire Kaisa's stalled projects to the developer's advisor CITIC Securities, said the people. As most of Kaisa's projects are in top-tier Chinese cities, where housing prices are relatively resilient, bondholders expect to reap the profits after the completion of the stalled projects, said the two people. It is unclear how many stalled projects would be covered by the bondholder group's offer, and how many of them meet the purchase criteria laid out by the group.
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