Kaisa Group Appoints New Independent Non-Executive Director Amid Compliance Efforts

Kaisa Group Holdings Ltd. ( (HK:1638) ) just unveiled an announcement.

Kaisa Group Holdings Ltd. has appointed Mr. Li Dapeng as an independent non-executive director, effective March 31, 2025. Mr. Li brings extensive experience in real estate management and media, having held significant roles in Sing Tao News Corporation and various real estate companies. This appointment comes as part of Kaisa’s efforts to comply with the Hong Kong Stock Exchange’s requirement for independent non-executive directors, following a shortfall due to recent board changes. The company faced challenges in recruiting suitable candidates due to the downturn in the PRC property market and an ongoing winding-up petition, impacting its ability to meet compliance deadlines.

More about Kaisa Group Holdings Ltd.

Kaisa Group Holdings Ltd. is a company incorporated in the Cayman Islands, primarily involved in the real estate industry. The company, along with its subsidiaries, focuses on property development and management, with a significant presence in the Chinese market.

YTD Price Performance: -4.76%

Average Trading Volume: 3,300

Technical Sentiment Signal: Hold

Current Market Cap: €158.2M

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