China: real estate developer Kaisa misses its return to the stock market


Posted on 20 Dec. 2021 at 12:02Updated 20 Dec. 2021 at 12:09

The Chinese real estate developer Kaisa, weakened by the debt crisis of his counterpart Evergrande, missed his return to the stock market. For the first day of resumption of quotation since December 8, the title of the group has indeed lost up to 14.3% on the Hong Kong Stock Exchange on Monday.

Clearly, investors were not reassured by the stock market document released today. This confirms that the real estate developer, who has suspended its listing twice since the beginning of November, has failed to honor its last payments and also indicates that, just as Evergrande has done, it is now seeking to initiate a restructuring. of its debt.



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