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<CN Home>KAISA GROUP: Total 76% of Jinheng Wealth Investment Funds Redeemed; New Solutions for Existing Outstanding Amt Offered
KAISA GROUP (01638.HK) published on its official WeChat account the announcement for 'Jinheng Wealth Product Redemption Plan,' saying that it added a new solution for conve...
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<CN Home>KAISA GROUP: Total 76% of Jinheng Wealth Investment Funds Redeemed; New Solutions for Existing Outstanding Amt Offered
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KAISA GROUP (01638.HK)  -0.006 (-3.468%)   published on its official WeChat account the announcement for 'Jinheng Wealth Product Redemption Plan,' saying that it added a new solution for converting the investment principal of the Shenzhen Jiayuan Phase 2 project into obligations, based on the existing redemption methods.

KAISA GROUP has cumulatively completed the redemption of 76% of Jinheng Wealth's investment funds and 63% of investors' funds, according to the disclosure.

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Pursuant to the announcement, to further protect investor rights and provide stronger credit enhancement for outstanding amounts, ensuring quick redemption, KAISA GROUP introduced a new implementation plan for converting the investment principal of the Shenzhen Jiayuan Phase 2 project into obligations, besides forms like existing cash redemption, debt in kind and property rights trust redemption.
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