Founder returns to head troubled Kaisa as debt deadline looms
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Hong Kong
KAISA Group Holdings founder Kwok Ying Shing has returned to helm the troubled Chinese developer three months after he resigned amid a corruption probe.
Mr Kwok, who had resigned on Dec 31, has been appointed chairman and executive director starting Monday, Shenzhen-based Kaisa said in a Hong Kong stock exchange filing. Mr Kwok and his two brothers control 49.3 per cent of the builder through a family trust, Kaisa said in the statement.
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