HONG KONG, March 27 Chinese property developer
Kaisa Group shares were set to open 60 percent higher
after resuming trading on Monday after a two-year suspension.
Kaisa, the first Chinese developer that defaulted on its
offshore bond, reported on Sunday total aggregate borrowings
stood at 87.5 billion yuan ($12.7 billion) at the end-2016, with
about 7.8 billion yuan of the total repayable within a year.
The company's shares have been suspended from trading in
Hong Kong since March 31, 2015, and they were not allowed to
resume trading before reporting updated financial statements,
according to stock exchange rules.
(Reporting by Clare Jim; Editing by Stephen Coates)