Kaisa holds multiple meetings with steering committee, talks continue

New York, Oct. 1 – Kaisa Group Holdings Ltd. said that it has met “several times” with a steering committee formed by some holders of its convertible bonds and high-yield notes since Sept. 21.

More discussions are anticipated, the company added in a noticed filed with the Hong Kong Stock Exchange.

Kaisa said it “hopes that these discussions will permit the company to achieve its goal of a consensual offshore debt restructuring.”

The company missed interest payments earlier this year and earlier negotiations over a proposed restructuring were abandoned in May.

Kaisa Group is a Shenzhen, China-based property development company.

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