SheвЂ™s best known as the вЂњqueen of shell companies,вЂќ a financier who briefly became Hong KongвЂ™s richest woman by striking deals in some of the wildest corners of the cityвЂ™s stock market. TycoonвЂ™s New Banker Is the вЂQueen of Shell CompaniesвЂ™ (2:45 p.m. The 11.5% note rose 1.1 cents on the dollar to 23.4 cents as of 8:06 a.m. HK)Д®vergrandeвЂ™s dollar bond due January 2023 is poised for its biggest increase in about a month, Bloomberg-compiled prices show. Kaisa, which became ChinaвЂ™s first developer to default on dollar debt in 2015, now risks once again reneging on its obligations.Д®vergrande 2023 Bond Rises (7:31 a.m. The developer had sought to exchange the dollar notes maturing Dec. The firm will explore solutions including renewal and extension of borrowings and disposing of assets. Kaisa failed to win approval from bondholders for the debt swap, it said in a statement. Kaisa Bondholders Reject Chinese DeveloperвЂ™s Debt Swap Proposal (7:37 a.m.

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Kaisa Abandons Hong Kong Developments in Race to Avoid Default.

Kaisa became the first Chinese developer to default on such bonds in 2015. The offer to exchange the notes failed to meet the required 95% approval rate.

The firm had sought to exchange the dollar notes maturing Dec. failed to win bondholder approval for a $400 million debt swap designed to avert default, in a development that could spur contagion risk just as global investors return to offshore property bonds.

Sims 2 defaults