Apr 3, 2022
Evergrande’s debt deadline passes as Kaisa adds to China’s property crisis
HONG KONG/SHANGHAI– Some overseas shareholders of China Evergrande Group did not get voucher payments by the end of a 30-day grace duration, five people with understanding of the matter said, pressing the cash-strapped home developer closer to official default.Adding to a liquidity crisis in Chinas when bubbling property market, smaller peer Kaisa Group Holdings was