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Dismantling a Chinese developer could get ugly

Thu, Jan 08, 2015 - 5:50 AM

Beijing

TEARING down a house is straightforward. Dismantling the company that built it is anything but. Chinese developer Kaisa, which has defaulted on a HK$400 million (S$69 million) bank loan, is heading inexorably towards a debt restructuring that could expose the flimsy structures on...

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