Kaisa Group (01638) rose nearly 40% in early trading, and as of the press release, it has risen 22.09%, at HK$0.105, with a trading volume of HK$0.3043 million.
According to the Jitong Finance APP, Kaisa Group (01638) rose nearly 40% in early trading, and as of the press release, it has risen 22.09%, at HK$0.105, with a trading volume of HK$0.3043 million.
On the news front, Kaisa Group disclosed further information regarding the restructuring of its overseas debt. The announcement stated that after the information agent re-calculated and confirmed, approximately 75.11% of the total outstanding principal amount of debt within Kaisa's scope and approximately 81.07% of the total outstanding principal amount of debt within Ruijing's scope has been included in the restructuring support agreement.
In the first half of this year, Kaisa Group delivered a total construction area of approximately 0.28 million square meters across 12 projects in Shenzhen, Beijing, Chongqing, Xuzhou, Jieyang, Zhongshan, and other places. As of June 30, 2024, the group has a total of 186 real estate projects in 50 cities nationwide, with a land reserve of approximately 23.3 million square meters. Among them, the land reserve in the Greater Bay Area is approximately 13.64 million square meters, accounting for 59% of the group's overall land reserve.