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Chian’s Kaisa offer to extend maturity on $400 million offshore bond lapses -Breaking

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© Reuters. The Kaisa Plaza sign, which is a property that Kaisa Group Holdings developed, can be seen at its Beijing apartment building on December 1, 2021. REUTERS/Tingshu Wang

(Reuters) – China’s Kaisa Group Holdings Ltd said Thursday that its proposal to extend the maturity of a bond worth $400 million was canceled after failing to receive minimum 95% approval.

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