Chinese real estate giants Evergrande and Kaisa continue unloading assets to cover debt
South China Morning Post
2021-12-15
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China’s troubled real estate giants Evergrande and Kaisa have continued selling assets to cover enormous debts the companies have each accrued. Evergrande is trying to avoid a collapse under more than US$300 billion worth of liabilities, while Kaisa Group has missed two bond coupon payments due on November 11 and 12, 2021.
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