Kaisa Still Lacks Necessary Support for Restructuring Plan

Updated on
  • Creditors consenting to plan by Feb. 14 were offered 0.5% fee
  • Firm is 1st China developer to have defaulted on dollar bonds

Kaisa Group Holdings Ltd. still lacked the necessary support from creditors for its offshore restructuring plan as of Sunday, said Tam Lai Ling, the Chinese developer’s senior adviser. 

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