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ON 26 MARCH 202598.03% OF TOTAL NUMBER AND 97.14% OF TOTAL VALUE OF VOTING KAISA SCHEME CLAIMS VOTED IN FAVOUR OF KAISA HONG KONG SCHEMETOTAL OF 2,843 CREDITORS OF KAISA HONG KONG SCHEME HOLDING VOTING KAISA SCHEME CLAIMS OF US$14.83 BILLION  VOTED IN FAVOUR OF SCHEMEKAISA HONG KONG SCHEME WAS APPROVED BY REQUISITE MAJORITY OF CREDITORS OF KAISA HONG KONG SCHEMEFurther company coverage: 1638.HK ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250228:nFWN3PJ0VS:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1555","BK1507","01638","BK1582","BK1240"],"gpt_icon":0},{"id":"2514934742","title":"Kaisa Group creditors back near $13 billion offshore debt revamp","url":"https://stock-news.laohu8.com/highlight/detail?id=2514934742","media":"Reuters","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514934742?lang=en_us&edition=fundamental","pubTime":"2025-02-28 19:17","pubTimestamp":1740741423,"startTime":"0","endTime":"0","summary":"UPDATE 1-Kaisa Group creditors back near $13 billion offshore debt revampUpdates with details and backgroundFeb 28  - Chinese property developer Kaisa Group 1638.HK said on Friday it has secured overwhelming support from the majority of its creditors for its nearly $13 billion debt restructuring, clearing a crucial hurdle in resolving its financial woes.Kaisa reached a restructuring agreement with a key creditor group in August 2024 and later announced in September 2024 that more than 75% of creditors across two categories had backed the plan.Under its restructuring plan, Kaisa will issue new dollar notes and mandatory convertible bonds to clear the existing debt of the Shenzhen-based company and its subsidiary, Rui Jing Investment.Once a hallmark of China's credit market boom, Kaisa found itself under pressure after defaulting on a bond in 2021, prompting creditors to sue for liquidation in 2023. 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