UPDATE 1-Kaisa says sales unblocked at eight projects, gets loan for land buy

April 9, 2015 11:47 AM

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HONG KONG, April 9 (Reuters) - Chinese property developer Kaisa Group Holdings Ltd said Shenzhen city authorities have unblocked nearly all sales at eight residential developments, confirming that a key hurdle to its sale was being cleared.

It also said a unit of a major shareholder would lend it 1.4 billion yuan ($225.62 million) for a previously arranged land purchase.

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