Kaisa Group Holdings Ltd. 佳兆業集團控股有限公司

CSHF (0412) subscribes US$125m of notes issued by a lender
Company announcement, 2-Dec-2019
This is an indirect loan. The owner of the Issuer isn't disclosed. We can reveal that the Borrower is a subsidiary of Kaisa (1638), which recently issued 4-year notes at 11.95% p.a., but CSHF is only getting 7.5% from the Issuer - so how much is the Issuer taking as a spread, and why? Who owns it? What collateral, if any, is the Borrower offering? The issue arranger is a subsidiary of Bank of Communications (3328).
Listing Committee censures Sunac China (1918) and 2 EDs
Company announcement, 26-Oct-2017
For having undisclosed agreements over the proposed takeover of Kaisa (1638) which was subsequently aborted.
Re Kaisa Group Holdings Ltd (1638)
HK Court of First Instance, 10-Jun-2016
The court sanctioned the scheme of arrangement for the offshore debt restructuring on 10-Jun-2016, but these reasons were only published online on 17-Nov-2016.
Kaisa (1638) suspended, results delayed indefinitely
Company announcement, 31-Mar-2015
Why did the Chinese executive disappear? It’s ‘personal’
Bloomberg, 4-Feb-2015
SFC bans Stephen Yenn Man Han forever
SFC, 10-Feb-2014
Stephen Yenn Man Han convicted of false trading
SFC, 22-Apr-2013
Court fixes pre-trial review date of market manipulation case
SFC, 24-May-2012
We note that Mr Yenn was suspended for 12 months from 25-Aug-2009 for "manipulative order placing activities" and "expressed contrition for his conduct" then. The new allegation relates to 8-Nov-2010, less than 3 months after his suspension finished.

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