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All eyes on Kaisa's Kwok for turnaround after Sunac exit

Citigroup says he may sell assets to raise cash while DBS sees him seeking another partner

Published Fri, May 29, 2015 · 09:50 PM
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Hong Kong

KWOK Ying Shing weathered a corruption probe, a bond default and a failed white-knight takeover to regain control of Kaisa Group Holdings Ltd. Now he needs to figure out how to turn his company around.

Citigroup Inc expects Mr Kwok may sell assets to raise cash, while DBS Group Holdings Ltd says he may seek another partner because Kaisa is in "too big a mess" to fix alone.

He also has to restructure US$10.5 billion of debt, including resolving a…

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