Chinese Builder Kaisa Faces Key Court Test to Avoid Liquidation

Kaisa Group Holdings Ltd. News

Chinese Builder Kaisa Faces Key Court Test to Avoid Liquidation
BloombergPeter NgCreditors
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(Bloomberg) -- Kaisa Group Holdings Ltd. will square off with creditors in a crucial hearing Monday over its fate, facing a court that may be open to winding...

-- Kaisa Group Holdings Ltd. will square off with creditors in a crucial hearing Monday over its fate, facing a court that may be open to winding up one of the largest Chinese developers.New York City’s Outdoor Dining Sheds Will Start Disappearing

Kaisa, with about $13 billion of offshore borrowings subject to restructuring, carries one of the largest debt loads in the industry. In the October filing, the company said it proposed converting some debt into shares or exchanging into new dollar-denominated notes, as well as disposing assets, including urban redevelopment projects in the pipeline. Still, no additional, detailed restructuring terms so far have been publicly released.

Dublin, Aug. 09, 2024 -- The "Austria Electric Vehicle and Charging Infrastructure Market Databook Q2 2024 Update" report has been added to ResearchAndMarkets.com's offering.The electric vehicle market in Austria is forecast to grow by 28.9% on an annual basis to reach US$2.5 billion in 2024.Electric vehicle adoption is expected to grow steadily over the forecast period, recording a CAGR of 21.9% during 2024-2028.

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