Hong Kong, China — Debt-hit Chinese developer Kaisa was given extra time to come up with a restructuring plan Monday as creditors sought to wind up the company, according to media reports. The country’s developers have been hammered by Beijing’s decision in 2020 to crack down on excessive borrowing and rampant speculation in the property
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.