Founder returns to head troubled Kaisa as debt deadline looms
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents