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Kaisa says trying to solve liquidity issues, pleads for ‘more time and patience’ -Breaking

by Mike Robinson

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© Reuters.

SHANGHAI (Reuters).- Chinese property developer Kaisa Group Holdings Ltd stated Tuesday that it was working to address its liquidity problem and was consulting wealthy management product investors about better payment options.

In a WeChat statement, the company stated that they were accelerating asset dispositions in Shanghai and Shenzhen. The proceeds will be used for repayment and to accelerate sales of existing properties.

It stated that Kaisa Group would be grateful for investors’ patience and time.

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