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Kaisa faces lawsuit over bond default

Report from Hanle Shanghai

A Hong Kong investor has filed a $100 million claim against Chinese developer Kaisa, in a sign of growing legal pressure on the property company that defaulted on international debt last year amid an industry-wide liquidity crisis.

Oasis Capital Management said in a filing in New York that it had not received any repayments and was owed $102 million in principal and interest, listing four Kaisa bonds worth $90 million.

Kaisa is second only to Evergrande (Ev…

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