Tue 09/12/2023 04:05 AM
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Reorg Asia Highlights:

  • Kaisa Group Holdings Limited (Kaisa) remains under pressure from creditor action in both the New York and Hong Kong courts;

  • Company has yet to publicize its “holistic” restructuring proposal after defaulting on its USD notes back in 2021;

  • Next key date is Sept. 13 which sees Kaisa in the Hong Kong Court to defend against a winding up petition filed by Broad Peak Investment Advisers Pte. Ltd.. The petition is in connection with the non-payment under its...
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