Kaisa report pending final review

Kaisa Group (1638) said that its auditor is making a final review of the group annual results for 2021.

The developer is also working on the interim results for the six months ending June 2022.

Kaisa will continue to focus on protecting the delivery progress of its property projects and maintaining the normal operations of the company.

Additionally, it will continue to cooperate with brand partners - including state-owned enterprises - in developing its property projects, implementing measures to safeguard and realize the value of those projects and control administrative costs and capital expenditure.

The developer said its financial adviser has continued to engage in dialogue with offshore creditors, including, but not limited to, the holders of the US dollar-denominated senior notes issued by the company.

The group is also in the process of evaluating its capital structure and liquidity so that a holistic solution can be reached with all of its offshore creditors as soon as practicable.

The trading in its shares will continue to be suspended.

Staff reporter