 "China")
Shares of Chinese property developer Kaisa Group plunged more than 14% on Thursday to an all-time low as poor October sales heightened worries about a liquidity crunch at the debt-strapped firm.
Kaisa said late on Wednesday its October contracted sales dropped 30.5% to 8.195 billion yuan ($1.28 billion) from a year ago, while sales in the first 10 months rose 23%.
The Shenzhen-based developer has the most offshore debt coming due over the next one year of any Chinese developer, after embattled China Evergrande Group.
Kaisa, which was downgraded by rating agencies last week, has around $3.2 billion in offshore
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