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Hong Kong court gives developer Kaisa more time to restructure debt

By Inquirer - 3 months ago
A Hong Kong court on Monday gave troubled Chinese developer Kaisa four more weeks to work with bondholders to come up with a viable restructuring plan. China’s property sector has yet to bounce back from Beijing’s 2020 crackdown on excessive borrowing and rampant speculation, with some developers now undergoing restructuring after defaults. Shenzhen-based Kaisa is

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