Previous close | 0.083 |
Open | 0.089 |
Bid | 0.090 x 0 |
Ask | 0.091 x 0 |
Day's range | 0.086 - 0.091 |
52-week range | 0.072 - 0.370 |
Volume | |
Avg. volume | 2,251,809 |
Market cap | 631.392M |
Beta (5Y monthly) | 0.65 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 29 Nov 2021 |
1y target est | N/A |
A Hong Kong court adjourned a hearing to liquidate Chinese property developer Kaisa Group to April 29 after a bond trustee, instructed by a major group of dollar bondholders, replaced the original petitioner. The latest development came after Broad Peak Investment, which filed the winding-up petition in July in relation to non-payment of onshore bonds worth 170 million yuan ($24 million), sought to withdraw from the case as it has sold the debt holdings earlier this year. Shenzhen-based Kaisa has been working on a debt restructuring for two years after defaulting its $12 billion of offshore debt in late 2021.
Chinese property developer Kaisa Group said on Monday a winding-up petition has been filed against it in a Hong Kong court in relation to 170 million yuan ($23.50 million) non-payments on onshore bonds. Many property firms have defaulted and are undergoing debt restructuring. Kaisa said the petition was filed by Broad Peak Investment Pte Advisers Ltd at the Hong Kong High Court on July 6, and the issuer of the yuan bonds is its wholly-owned subsidiary, Kaisa Group (Shenzhen) Co Ltd.