KAISA GROUP Holdings Limited announced the latest developments in its Overseas debt restructuring plan. The company will hold scheme arrangement hearings in Hong Kong and the Cayman Islands to seek court approval for convening scheme meetings. The hearing for KAISA in Hong Kong is scheduled to take place on December 18, 2024, at the High Court of Hong Kong, while the hearing for KAISA in the Cayman Islands is set for January 15, 2025, at the Grand Court of the Cayman Islands.In addition, KAISA's subsidiary, Rui Jing, will also hold similar scheme hearings in Hong Kong and the British Virgin Islands. The hearing for Rui Jing in Hong Kong is scheduled for December 19, 2024, at the High Court of Hong Kong, and the...Show More

KAISA GROUP Holdings Limited announced the latest developments in its Overseas debt restructuring plan. The company will hold scheme arrangement hearings in Hong Kong and the Cayman Islands to seek court approval for convening scheme meetings. The hearing for KAISA in Hong Kong is scheduled to take place on December 18, 2024, at the High Court of Hong Kong, while the hearing for KAISA in the Cayman Islands is set for January 15, 2025, at the Grand Court of the Cayman Islands.In addition, KAISA's subsidiary, Rui Jing, will also hold similar scheme hearings in Hong Kong and the British Virgin Islands. The hearing for Rui Jing in Hong Kong is scheduled for December 19, 2024, at the High Court of Hong Kong, and the hearing for Rui Jing in the British Virgin Islands is set for January 16, 2025, at the High Court under the jurisdiction of the Eastern Caribbean Supreme Court. The company has notified the relevant scheme creditors and distributed practical statements through the settlement system and email.The company reminds investors that documents and announcements regarding the scheme can be accessed on designated trading websites. Information agents Kroll Issuer Services Limited, the company's financial advisor Houlihan Lokey (China) Limited, and the financial advisor for the creditors' group PJT Partners (HK) Limited can provide further information. The company will timely release updates on the restructuring progress and urges securities holders and prospective investors to act cautiously when trading the company's securities.