Tuesday, May 20, 2025
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

Kaisa Group Acquires Housing Projects

Putriyana by Putriyana
3 years ago
in Business News
Chinese property project

Chinese property project

RelatedArticle

How AI and Machine Learning Transforming Trading Strategies

GameStop Shares Surge Roaring $116 Million Position

Profits of 5 Global Banks High Despite ECB Rate Cut

Dominate Your Business with AI

Kaisa Group Holdings, the offshore bondholders group of cash-strapped, acquires housing projects. The firm offers more than $2bn to the Shenzhen developer to meet completion. This takeover news is actually still in the early stages. People close to the matter declined to speak in the media on this subject. If the acquisition works as expected, it pioneers foreign investor takeover of a Chinese developer’s distressed residential assets amids the crises. This also enters the situation where authorities contain a mortgage boycott by homebuyers in contradiction to the stalled projects.

Kaisa Group Holdings is actually the second biggest US dollar bond issuer in the bloc. The first is China Evergrande Group processing $12bn offshore debt restructuring after its last year default. The company also struggles to repay its onshore debt and enter capital to finish its projects. According to the people, this offshore bondholder group represented by financial advisory group Lazard offered to acquire Kaisa’s stalled projects. This project is to the developer’s adviser Citic Securities. The company plans to offer more than $2bn to purchase some non-performing loans from Kaisa’s lenders. So, they will be tied to the unfinished housing projects. But there is a 20-25% discount. The firm also maintains financing to complete the project.

The offering terms are actually the same with the offshore creditors’ group and the previously extended Chinese asset managers. Kaisa however, declined to comment about the further detail. Meanwhile, Citic and Lazard did not leave any remark. Most of Kaisa’s projects are actually the best in Chinese cities. Their housing prices are relatively strong. So, bondholders attempt to gain profits after stalled projects completion.

Tags: AcquisitionChina property businesshousing projectKaisa Groupproperty
Putriyana

Putriyana

Related Posts

How AI and Machine Learning Transforming Trading Strategies

AI and Machine learning in trading. Illustration of a business professional shaking hands with a robot. The robot is emerging from a large smartphone screen. Surrounding the smartphone are various technological and financial icons, including a light bulb, blockchain symbols, a microchip, graphs, and currency symbols, representing the integration of artificial intelligence in business. The background is a light blue color. That simbolyse about AI impact on business efficiency.
by oney
November 1, 2024

The integration of AI and machine learning into the financial markets is revolutionizing trading strategies, enhancing algorithmic trading, and equipping...

Read more

GameStop Shares Surge Roaring $116 Million Position

GameStop shares surge
by oney
October 30, 2024

In a dramatic turn of events, GameStop shares surged 80% following a significant reveal by the well-known trader Keith Gill,...

Read more

Profits of 5 Global Banks High Despite ECB Rate Cut

central bank policy decisions, profits of global banks
by oney
October 22, 2024

Introduction Despite the recent rate cut by the European Central Bank (ECB), the profits of five major global banks are...

Read more

Dominate Your Business with AI

AI and Machine learning in trading. Illustration of a business professional shaking hands with a robot. The robot is emerging from a large smartphone screen. Surrounding the smartphone are various technological and financial icons, including a light bulb, blockchain symbols, a microchip, graphs, and currency symbols, representing the integration of artificial intelligence in business. The background is a light blue color. That simbolyse about AI impact on business efficiency.
by oney
October 14, 2024

Advancements in AI technology open up significant opportunities for various industries. However, with the multitude of options and the complexity...

Read more
Load More
Next Post
company acquisition

Kaisa Group Acquires Housing Projects

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • List of Countries in The World That Banned Bitcoin

    0 shares
    Share 0 Tweet 0
  • Shein Pursues IPO in U.S. Stock Market

    0 shares
    Share 0 Tweet 0
  • Understanding Right Hand Side in the Forex Market

    0 shares
    Share 0 Tweet 0
  • Ola Cabs’ Strategy of Multiple Acquisitions

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In