Kaisa Group Holdings Ltd. (HK:1638) has released an update.
Kaisa Group Holdings Ltd. is undergoing a significant restructuring process involving the potential issuance of mandatory convertible bonds and shares to its creditors. This move aims to alleviate the company’s considerable debt burden of approximately $12.27 billion by distributing new notes and convertible bonds among creditors. The restructuring plan, pending shareholder approval, represents an important step for Kaisa in managing its financial obligations.
For further insights into HK:1638 stock, check out TipRanks’ Stock Analysis page.