China property developer's default an 'isolated' glitch: analysts
Beijing (AFP) April 21, 2015 - China's troubled property sector has seen its first default outside the mainland, with developer Kaisa unable to pay interest on its Hong Kong-listed bonds, but analysts said an immediate crisis is unlikely despite market woes. Kaisa Group Holdings Ltd, based in the boom town of Shenzhen that borders Hong Kong, failed to pay interest totalling $52 million on 2017 and 2018 notes due last mont ... more
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