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Kaisa CEO's departure dashes hopes of near-term rescue deal

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Kaisa is struggling to meet its debt obligations following the abrupt departure of senior executives and a local government block on its property sales. It was not immediately clear who would be replacing Mr Jin at the helm.

Hong Kong

CHINA'S Kaisa Group said on Monday that its CEO has resigned - a further blow to the embattled property developer despite having sold some assets at the weekend to ease its short-term cash worries.

The company said that Jin Zhigang had quit "to devote more time to his

sentifi.com

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