One more Chinese property developer missed payment on wealth management product

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Chinese property developer Kaisa Group Holdings Ltd said on Thursday its finance unit had missed a payment on a wealth management product (WMP), intensifying market concerns about financial health of the struggling real estate sector.

Payment on an investment product issued by Kaisa Finance and guaranteed by Kaisa Group is overdue, said the developer in a statement.

Some of Kaisa . . .

 

 

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