BRIEF: Kaisa liquidation hearing adjourned to March

September 4, 2024

1638.HK

Real estate developer Kaisa Group Holdings Ltd (1638.HK) announced that it has successfully petitioned the High Court in Hong Kong to postpone a hearing on its potential liquidation originally scheduled for Sept. 9 to March 31 next year.

Kaisa did not disclose which of its creditors petitioned for the liquidation in its latest filing. But it previously said in March that Citicorp International applied to the Hong Kong High Court to liquidate the company after Kaisa failed to repay principal and interest on a $750 million loan due in 2023. Kaisa has repeatedly sought to delay the liquidation hearing.

By Lau Chi Hang

To subscribe to Bamboo Works free weekly newsletter, click here

Property - FastNews

property, real estate, liquidation, Kaisa, Citicorp

Discover hidden China stock gems in our weekly newsletter

Subscribe to Our Free eNewsletter

Check out our content with some of our syndication partners

Recent Articles

Illustration of Starbucks China's new policy to clear non-paying loiterers

Starbucks clears its China tables, as the robotics bubble quietly deflates

"There’s no way they can compete with Luckin Coffee and a cup of coffee at 9 yuan, They’ve got to go for the premium experience" – on Starbucks' decision to…

October 28, 2026

SBUX.US

2670.HK

Electronic materials growth lifts Red Avenue’s nine-month profit 5.7%

New materials manufacturer Red Avenue New Materials Group Co. Ltd. (9607.HK; 603650.SH) reported on Tuesday that its revenue rose 29.37% year-on-year to 3.26 billion yuan ($489 million) in the first…

October 28, 2026

9607.HK

603650.SHG

Dongshan Precision launches Hong Kong IPO

Dongshan Precision flat in Hong Kong trading debut

Shares of printed circuit board, precision component and optical module maker Suzhou Dongshan Precision Manufacturing Co. Ltd. (2384.HK; 002384.SZ) opened 5% below their IPO price in their trading debut on…

October 28, 2026

2384.HK

002384.SHE

Pop Mart’s bubble bursts with fading Labubu craze

The company’s third-quarter revenue plunged between 45% and 50%, led by drops of more than 65% in its Asia Pacific and Americas markets Key Takeaways: Pop Mart’s third-quarter revenue fell…

October 28, 2026

9992.HK

Related Articles

KWG’s August sales plunge as offshore debt restructuring advances

Longfor’s sales plummet over 50% through August

CR Land’s sales rise 5% in first half of 2026 despite property downturn

Country Garden June sales fall 13% year-on-year

Yuexiu Property acquires Guangzhou land site for $203 million

BRIEF: Longfor’s sales halve in four months through April

BRIEF: Greentown sales fall 30% in first quarter

Follow us

Subscribe to Our Free eNewsletter

Check out our content with some of our syndication partners

Recent Articles

Starbucks clears its China tables, as the robotics bubble quietly deflates

Electronic materials growth lifts Red Avenue’s nine-month profit 5.7%

Dongshan Precision flat in Hong Kong trading debut

Pop Mart’s bubble bursts with fading Labubu craze

Categories

Newsletter

Related Articles

RELATED ARTICLES

Follow us

Subscribe to Our Free eNewsletter

Check out our content with some of our syndication partners

Recent Articles