Kaisa Group Announces Effective Date for Rui Jing Schemes in Offshore Debt Restructuring

Reuters
2025.05.23 12:03
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Kaisa Group Holdings Ltd. has announced the Effective Date for the Rui Jing Schemes as part of its offshore debt restructuring. The effectiveness of the scheme depends on certain conditions. The company advises shareholders and potential investors to exercise caution regarding its securities. Currently, there are no plans for a public offering of securities in the U.S. The board, led by Chairman Kwok Ying Shing, will keep stakeholders updated on significant developments.

Kaisa Group Holdings Ltd. has announced further developments in its offshore debt restructuring process, specifically regarding the occurrence of the Rui Jing Schemes Effective Date. The company has been issuing periodic updates, with previous announcements dating back to October 2023. The effectiveness of the Rui Jing Hong Kong Scheme is contingent upon specific conditions being met. Kaisa Group advises shareholders and potential investors to exercise caution when dealing with the company's securities. The company has reiterated that any public offering of securities in the United States would be conducted through a prospectus, but currently, there are no intentions to make such an offering. The board of directors, led by Chairman Kwok Ying Shing, will continue to inform stakeholders of any significant developments as they occur.

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