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Kaisa Group Holdings Ltd. (1638.HK)
| Previous close | 0.110 |
| Open | 0.115 |
| Bid | 0.112 x 0 |
| Ask | 0.114 x 0 |
| Day's range | 0.100 - 0.115 |
| 52-week range | 0.072 - 0.370 |
| Volume | |
| Avg. volume | 2,108,526 |
| Market cap | 785.733M |
| 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 |
ReutersChinese property developer Kaisa's liquidation hearing adjourned to May 27
A Hong Kong court adjourned a hearing to liquidate Kaisa Group to May 27, as the embattled Chinese property developer said it aims to iron out restructuring terms in the coming four weeks. Shenzhen-based Kaisa has been working on an offshore debt restructuring for two years after defaulting on its $12 billion of offshore debt in late 2021. Kaisa's lawyer told the court on Monday that progress had been made on the restructuring negotiations with the ad hoc group of bondholders, and that it will try to sign an agreement in the next four weeks.
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.
