30/11/2024, 4:17:03 pm

China's Kaisa to hold shareholder meeting to discuss restructuring in Dec!

China-based property developer Kaisa said on Friday it would hold an extraordinary general meeting of its shareholders on Dec. 18 to seek various approvals in relation to its $12.27 billion debt restructuring agreement. The developer has been working to restructure its debt since defaulting on $12 billion in offshore bonds in late 2021.