SHARES OF CHINESE REAL ESTATE DEVELOPER KAISA POP 20% AFTER DEBT RESTRUCTURING PLAN

Kaisa's Hong Kong-listed shares popped 20% in the market open, before paring some gains to close 13.86% higher. It was the first day of trading after a nearly three-week halt. The developer had suspended trading after missing a payment on a wealth management product. The company released plans for making payments on wealth management products, and U.S.-listed offshore debt originally due in Decem...

Source: