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Chinese property developer Kaisa Group is selling assets to ease a cash crunch after its missed payment of a wealth management product intensified market concerns about financial health of the company and the real estate sector.
Kaisa has put 18 property projects with 1.45 million square metres in Shenzhen on the auction block, with a combined value estimated at 81.82 billion yuan ($12.8 billion), according to a catalogue seen by Yuan Talks . . .
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