Kaisa Group Holdings Ltd. (1638.HK)
| Previous close | 0.081 |
| Open | 0.081 |
| Bid | 0.078 x 0 |
| Ask | 0.079 x 0 |
| Day's range | 0.076 - 0.081 |
| 52-week range | 0.076 - 0.370 |
| Volume | |
| Avg. volume | 2,477,742 |
| Market cap | 547.207M |
| Beta (5Y monthly) | 0.65 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -3.070 |
| Earnings date | 28 Mar 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 29 Nov 2021 |
| 1y target est | N/A |
ReutersBond trustee becomes new petitioner to liquidate China developer Kaisa
A Hong Kong court adjourned a hearing to liquidate Chinese property developer Kaisa Group to April 29 after a bond trustee, instructed by a major group of dollar bondholders, replaced the original petitioner. The latest development came after Broad Peak Investment, which filed the winding-up petition in July in relation to non-payment of onshore bonds worth 170 million yuan ($24 million), sought to withdraw from the case as it has sold the debt holdings earlier this year. Shenzhen-based Kaisa has been working on a debt restructuring for two years after defaulting its $12 billion of offshore debt in late 2021.
ReutersChina developer Kaisa tells court creditors will get less than 5% back if liquidated
Struggling Chinese property developer Kaisa Group said creditors would get less than 5% of their money back if it is forced into liquidation, a lawyer for one creditor who is suing the company told a Hong Kong court on Tuesday. Broad Peak Investment filed a winding-up petition against Kaisa in July in the Hong Kong High Court in relation to non-payment of onshore bonds worth 170 million yuan ($23.28 million). Many other Chinese developers are also facing winding-up petitions filed after the sector plunged into a debt crisis in 2021, resulting in many firms defaulting on their debt obligations.
ReutersChina property developer Kaisa faces Hong Kong lawsuit seeking to wind it up
Chinese property developer Kaisa Group said on Monday a winding-up petition has been filed against it in a Hong Kong court in relation to 170 million yuan ($23.50 million) non-payments on onshore bonds. Many property firms have defaulted and are undergoing debt restructuring. Kaisa said the petition was filed by Broad Peak Investment Pte Advisers Ltd at the Hong Kong High Court on July 6, and the issuer of the yuan bonds is its wholly-owned subsidiary, Kaisa Group (Shenzhen) Co Ltd.
