Shares in Chinese developer Kaisa were suspended yesterday after liquidity issues led to missed payments.
In an echo of fellow developer Evergrande, the company on Thursday said it was experiencing “unprecedented pressure on its liquidity”.
Kaisa stated in a Hong Kong stock exchange filing on Friday that its shares had been suspended, as were those of several of its subsidiaries, without citing a reason.
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Including:
Prima, Real Living and Cantay Estates have received funding for 189-bed PBSA
Katy Davis named as an equity partner at the firm
The site will be turned into 261 short stay serviced bedrooms
Rising remote and video appeals offer an opportunity to reduce space
