China’s Kaisa Group Holding under audit on order of Guangdong government

Economy 01/26/22, 20:54

According to Caixin, auditing firm Pricewaterhouse Coopers (PwC) examined Kaisa Group Holdings' assets on behalf of the Guangdong provincial government to analyze the company's financial situation. Kaisa is one of a raft of liquidity-squeezed property developers in China. PwC has requested Kaisa entities to submit project information such as loan contract ...

Chinese property giant Kaisa defaults as debt default wave continues

China 12/08/21, 16:32

Evergrande announced on Dec. 3, 2021, that its first U.S. dollar bond would default after Kaisa's announcement that it would not be able to renew its overseas obligations. Kaisa Group, a Chinese property developer, stated on Dec. 3 that its request to extend its foreign bond obligation for $400 million had ...

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