China developer Kaisa says has made progress in debt restructuring talks

October 30, 2015 5:25 AM

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HONG KONG Oct 30 Debt-laden property developer Kaisa Group Holdings, the first Chinese developer to default on offshore bond coupon payments, has pushed ahead with a possible deal with offshore bondholders, a spokesman said on Friday.

Kaisa spokesman Smith Li also said an agreement with onshore bondholders could happen "as soon as possible", without providing details.

Also read: UPDATE 1-China banks agree debt restructuring deal with Sinosteel -Bank of China

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