Explainer-China’s embattled developer Kaisa Group and the chairman behind it
After cash-strapped developer China Evergrande Group once again averted a destabilising default this week, investor focus is shifting to other Chinese developers with offshore payments coming due, especially Kaisa Group . Kaisa has more than $59 million in interest payments due on Thursday and Friday, with 30-day grace periods for both. It was not immediately … Read more