Chinese Builder Kaisa's Liquidation Hearing Adjourned to August.

A Hong Kong court has adjourned a liquidation petition against Kaisa Group Holdings Ltd. until August 12, giving the company more time to work on its restructuring plan. Kaisa Group, a Shenzhen-based builder, has been battling against the wind-up petition for nearly a year. The petition was initially filed by a Singapore-based hedge fund and later taken over by a key creditor group. This case is part of a growing trend of lawsuits against defaulted Chinese developers in Hong Kong courts. [Extracted from the article]