Kaisa Group Holdings (HKG:1638) obtained orders from two separate courts to convene scheme meetings for creditors to vote on a $13 billion offshore restructuring plan.
The defaulted property developer had first received a go-ahead from the Hong Kong High Court for the meetings in December 2024.
A Cayman Islands and Eastern Caribbean court also granted the relevant approvals.
The firm is proposing to issue new dollar notes and convertible bonds to restructure its debt, as well as that of unit Rui Jing Investment.
The meetings are scheduled to be held Feb. 28.
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