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Troubled Developer Kaisa Plans to Resume Shenzhen Home Sales

By Tony Seruga

Kaisa Group Holdings Ltd., the Chinese developer in the midst of a protracted debt restructuring, plans to resume sales at three property projects in Shenzhen as early as this month, promising to ease its financial woes.

Kaisa is in talks with creditors to resolve sales that have been blocked at Kaisa City Plaza, Yuefeng Garden and Qianhai Plaza, Tam Lai Ling, a senior adviser and former Kaisa vice chairman, said in a phone interview Wednesday.

The company hopes to sign a framework agreement with an onshore creditor committee this week or next to push forward its debt restructuring, he said…

Troubled Developer Kaisa Plans to Resume Shenzhen Home Sales

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