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An announcement from Kaisa Group Holdings Ltd. ( (HK:1638) ) is now available.
Kaisa Group Holdings Ltd. has announced the effective date of its offshore debt restructuring, marking a significant milestone in its financial recovery efforts. The restructuring involves the issuance of new notes and mandatory convertible bonds (MCBs) totaling over $13 billion, which will discharge existing claims and provide a new financial framework for the company’s obligations.
More about Kaisa Group Holdings Ltd.
Kaisa Group Holdings Ltd. is a company incorporated in the Cayman Islands, operating primarily in the real estate industry. It focuses on property development, urban renewal, and real estate investment, with a market presence in China.
YTD Price Performance: -16.67%
Average Trading Volume: 3,189,083
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.5B
For a thorough assessment of 1638 stock, go to TipRanks’ Stock Analysis page.