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News Forum - Kaisa Group warns of under 5% recovery rate in potential liquidation


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Facing severe financial difficulties, Kaisa Group, a prominent Chinese property developer, has forewarned creditors of a less than 5% recovery rate, should the company be driven into liquidation. This was the chilling forecast laid out by a legal representative for one such creditor who is currently pursuing a lawsuit against the beleaguered company. The revelation … …

The story Kaisa Group warns of under 5% recovery rate in potential liquidation as seen on Thaiger News.

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