Sunac China buys 49.3% Kaisa stake for $587m

The deal provides troubled Kaisa with much-needed financial clout but could yet trigger a change-of-control clause in its offshore bonds.

Denise Wee

February 05, 2015

Tianjin-headquartered Sunac China has bought a 49.3% stake in default-threatened Kaisa Group for HK$4.55 billion ($587 million), according to a Hong Kong stock exchange filing on Thursday.

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M&A
Debt
Disruption
North Asia

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