Kaisa says that it is facing unprecedented liquidity pressures
This comes as there is a payment overdue on a Kaisa-guaranteed investment product, reported by the Securities Times newspaper. The product is issued/offered by Kaisa Finance and guaranteed by Kaisa Group Holdings, with the statement reading that both names are in discussion in trying to work out a payment solution.
The headlines above won't do much to ease the pressure and scrutiny on Chinese developers amid the whole Evergrande ordeal as well.
