Deals
Kaisa Founder Returns as Chairman With Debt Deadline Looming
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Kaisa Group Holdings Ltd. founder Kwok Ying Shing has returned to helm the troubled Chinese developer three months after he resigned amid a corruption probe.
Kwok, who had resigned on Dec. 31, has been appointed chairman and executive director starting Monday, Shenzhen-based Kaisa said in a Hong Kong stock exchange filing. Kwok and his two brothers control 49.3 percent of the builder through a family trust, Kaisa said in the statement.