As Kaisa strives to raise money to alleviate a liquidity crunch during China’s property deleveraging campaign, Kaisa has been reversing its expansion in Hong Kong with a series of asset sales in the past month.
BEIJING: In less than two years, Chinese property developer Kaisa Group Holdings Ltd has gone from being an up-and-coming player in Hong Kong’s property market to a desperate seller.
As it strives to raise money to alleviate a liquidity crunch during China’s property deleveraging campaign, Kaisa has been reversing its expansion in the city with a series of asset sales in the past month.
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