Reported 10 months ago
Kaisa Group Holdings' chairman, Kwok Ying Shing, has returned to mainland China from Hong Kong after almost a decade to seek regulatory approval for an offshore debt restructuring, according to sources. This move is seen as a critical step for the company's restructuring as it faces a liquidation petition in a Hong Kong court. Kaisa, the second-largest developer in China by offshore debt, is currently in talks with bondholders and regulators in Shenzhen to finalize its restructuring plan.
Source: YAHOO