Kaisa wins relief after HSBC issues waiver on HK$400 million loan

Troubled mainland property developer Kaisa Group won some breathing space last week after a waiver was issued from creditor HSBC in respect of the earlier covenant breach caused by the resignation of Kaisa chairman Kwok Ying-shing, Kaisa said in an exchange filing.

via South China Morning Post - Business feed http://ift.tt/1z2R2ph