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Kaisa waives first right of cooperation deal in China with Hsin Chong Group

Kaisa Group Holdings Ltd. waived Aug. 3 its first right of cooperation agreement with Hsin Chong Group Holdings Ltd., as no formal contracts were signed between the two since the deal was signed in May.

Kaisa, a Hong Kong-listed Chinese developer, earlier said the framework agreement will have it provide construction, marketing and management services to certain Hsin Chong project companies in China.

Hsin Chong is a construction company in Hong Kong.