China’s developer Kaisa pleads for help, ‘patience’ as the sector’s debt crisis

SHANGHAI/BEIJING: Casa Group Holdings needs help paying investors, workers and suppliers, the developer told a meeting of banks and property firms, a Chinese government think-tank, according to a source with direct knowledge of the matter. Told. Troubles at China Evergrande Group, the world’s most indebted developer, have sparked offshore defaults, credit rating downgrades and sell-offs … Read more