By way of liquidity and the way Kaisa has managed its working capital, the state of affairs is nothing just like the disaster at Evergrande. Kaisa’s publicity is to the Better Bay Space, the affluent southeastern area of China that features Hong Kong. Evergrande, by comparability, purchased land largely in smaller cities throughout China, which implies its flats and initiatives are more durable to dump. As of the first-half of 2021, stock turnover at Kaisa was 719 days, roughly half of Evergrande’s extremely 3.7 years.
https://www.washingtonpost.com/enterprise/in-evergrandes-shadow-adeveloper-with-a-past/2021/10/20/4529e398-31fa-11ec-8036-7db255bff176_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | In Evergrande’s Shadow, a Developer With a Previous