Tag Archives: trouble

Kaisa Group, another Chinese real estate developer, is in serious trouble

Shares of Kaisa Group, a Shenzhen-based developer, were suspended from trading on Friday in Hong Kong. The company’s subsidiaries, which were also halted from trading, cited a “pending” announcement about the group in stock exchange filings. While Kaisa did not disclose more details for the reason behind the suspension, it had said the previous day that it was facing “unprecedented …

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