Kaisa Group Holdings Ltd. (HK:1638) has released an update.
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Kaisa Group Holdings Ltd. is undergoing a significant restructuring process involving the potential issuance of mandatory convertible bonds and shares to its creditors. This move aims to alleviate the company’s considerable debt burden of approximately $12.27 billion by distributing new notes and convertible bonds among creditors. The restructuring plan, pending shareholder approval, represents an important step for Kaisa in managing its financial obligations.
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