Kaisa Group Liquidation Hearing Adjourned to August 12

Hong Kong Court Postpones Liquidation Petition for Kaisa Group Until August

A Hong Kong court has decided to adjourn (pause) a hearing where a petition was presented to seek the liquidation (closure and sale of a company’s assets) of Kaisa Group until August 12. This decision gives the struggling Chinese property developer more time to manage its debt restructuring plan.