After the heavily indebted Evergrande group, other Chinese real estate companies get into trouble. Kaisa Group Holdings shares were suspended on the Hong Kong stock exchange on Wednesday after heavy losses over solvency concerns. The company, which ranks 27th among real estate developers, has to repay bonds in the amount of 400 million US dollars. A group of bondholders have made Kaisa a proposal for a deferral, but the result is still open, the financial agency Bloomberg reported, pointing to informed Persons. At the weekend, the Chinese central bank had asserted that Evergrande was an “isolated case”.
Kaisa Group Holdings – The Next Shaky Candidate – Economy
