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Kaisa Group Holdings Ltd. ( (HK:1638) ) has issued an update.
Kaisa Group Holdings Ltd. announced that the Grand Court of the Cayman Islands has sanctioned the Kaisa Cayman Scheme as part of its offshore debt restructuring efforts. This approval is a significant step in the company’s restructuring process, aimed at stabilizing its financial standing and ensuring long-term viability. Additionally, the High Court has adjourned the winding-up petition hearing to June 2025, with GLAS Agency (Hong Kong) Limited replacing Citicorp International Limited as the petitioner. These developments are crucial for Kaisa’s stakeholders as they navigate the company’s financial restructuring.
More about Kaisa Group Holdings Ltd.
Kaisa Group Holdings Ltd. is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 1638. The company is involved in real estate development and investment, focusing on providing residential and commercial properties.
Average Trading Volume: 3,300
Technical Sentiment Signal: Hold
Current Market Cap: €162.1M
For a thorough assessment of 1638 stock, go to TipRanks’ Stock Analysis page.