Construction at the site of the former runway of the Kai Tak airport.  Photo: Martin Chan
Construction at the site of the former runway of the Kai Tak airport. Photo: Martin Chan

Kaisa sells Hong Kong property stake at steep discount and seeks debt exchange to avoid default

  • Joint venture of New World Development and Far East International to buy development at old Kai Tak airport site
  • Kaisa is seeking to exchange nearly US$400 million in bonds set to mature on December 7

Topic |   China property
Construction at the site of the former runway of the Kai Tak airport.  Photo: Martin Chan
Construction at the site of the former runway of the Kai Tak airport. Photo: Martin Chan
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