Hong Kong court adjourns liquidation hearing of China developer Kaisa

Kaisa group

27/05/2024 02:53

HONG KONG, May 27 (Reuters) - A Hong Kong court on
Monday adjourned a hearing into a petition seeking the
liquidation of Kaisa Group  1638.HK  until June 24, giving a
breather to the embattled Chinese developer amid Beijing's
efforts to revive the crisis-hit property sector.
    Shenzhen-based Kaisa has been working on an offshore debt
restructuring for two years after defaulting on $12 billion in
offshore debt in late 2021. 

 (Reporting by Xie Yu; Editing by Anne Marie Roantree and Tom
Hogue)
 ((Yu.Xie@thomsonreuters.com;))