Thu 11/18/2021 05:06 AM
UPDATE 2: 5:06 a.m. ET 11/18/2021: Management of Kaisa Group said during a meeting Tuesday, Nov. 16, with investors in its overdue wealth management products that it will prioritize repayment of U.S. dollar notes due to “reputational impact.” It will, however, aim to redeem a total of RMB 12.7 billion ($1.991 billion) wealth management products within one year subject to completion of its asset disposal plans, according to a screenshot of a meeting summary widely circulated among
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