Pursuits
China Developer Kaisa Says It Was Unprofitable Last Year
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Kaisa Group Holdings Ltd., the troubled Chinese developer that may be purchased by Sunac China Holdings Ltd., said it was unprofitable last year.
The company’s forecast is based on management’s review of accounts and the actual extent of the net loss is subject to audit, according to a Hong Kong’s stock exchange filing on Monday. Kaisa said it will publish 2014 earnings this month.