Jun
11

Kaisa Has No Plan to Introduce Strategic Investors at the Moment

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Kaisa Group Holdings Ltd. has no plan to introduce new equity investors at the moment as its founder only recently returned, said the company’s chief of restructuring.

The top priority is to lift sales blockage on the developer’s Shenzhen projects as soon as possible so it can sell apartments and generate cash, Tam Lai Ling said in a phone interview. Tam is Kaisa’s former vice chairman and resigned with founder Kwok Ying Shing last year, before being brought back in May to lead the restructuring of the company’s debt of 65 billion yuan ($10.5 billion)…

Kaisa Has No Plan to Introduce Strategic Investors at the Moment

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