An announcement from Kaisa Group Holdings Ltd. ( (HK:1638) ) is now available.
Kaisa Group Holdings Ltd. announced the approval of its offshore debt restructuring schemes by creditors. The Kaisa Hong Kong Scheme and the Kaisa Cayman Scheme were both approved by the requisite majority of creditors, allowing the company to proceed with seeking approval and sanction from the High Court. This development is a significant step in Kaisa’s efforts to manage its financial obligations and stabilize its operations, potentially impacting its market position and stakeholders positively.
More about Kaisa Group Holdings Ltd.
Kaisa Group Holdings Ltd. is a company incorporated in the Cayman Islands, primarily involved in real estate development and management. It focuses on the Chinese market, offering residential and commercial properties.
YTD Price Performance: 10.0%
Average Trading Volume: 14,148
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €178.9M
Learn more about 1638 stock on TipRanks’ Stock Analysis page.