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China developer faces HK$400m loan default

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CHINA'S Kaisa Group Holdings warned it may default on more debt after it failed to repay a HK$400 million (S$69 million) loan, the latest developer to flag financial difficulties amid a downturn in the real estate sector.

Hong Kong

CHINA'S Kaisa Group Holdings warned it may default on more debt after it failed to repay a HK$400 million (S$69 million) loan, the latest developer to flag financial difficulties amid a downturn in the real estate sector.

Shenzhen-based Kaisa, which has a market...

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