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Kaisa Plan Shows Orderly Restructuring Most Likely Outcome In Chinese Property Default
Aggregated Source: China Money Network
Chinese property developer Kaisa Group Holdings Ltd.'s recently announced debt restructuring plan shows that an orderly restructuring in a distressed situation is the most likely outcome for future default cases in China, says a research report by rating agency Standard & Poor's Ratings. Kaisa defaulted on an offshore note in March. The latest proposal calls […]

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