Kaisa denies passing restructuring & winding up resolution

Kaisa Group Holdings (1638.HKG) denied claims by what it called “certain news articles” that its board had passed a resolution on the company’s winding up and restructuring, Reuters reported, citing a filing to the Hong Kong Stock Exchange. Sina.com.cn had reported on Tuesday that Kaisa’s board of directors had approved the measures. The latest statement came a day after Kaisa said partners of two of its urban redevelopment projects in the southern city of Shenzhen planned to terminate cooperation deals and demand a refund of RMB1.2 billion (US$193 million).