…Aecom has teamed up with a subsidiary of Shanghai investment conglomerate Fosun to carry out so-called “Transit Oriented Development” (TOD) projects in China. Working with Fosun unit, Sunvision Holdings, Aecom will seek work on the back of China’s ongoing, rapid expansion of its high-speed rail network, which creates demand for auxiliary subway and metro rail systems, and other infrastructure. Read more>> Korea’s NPS to Boost Overseas Asset Share…
Search Results for: fosun
Korea Post Earmarks €200M for Global Housing Spend and More Asia Real Estate Headlines
…“Disappointed” after £450M Bailout Offer Fails to Save Thomas Cook China’s Fosun Group, which had led a £450 million ($559 million) last-ditch bid to rescue British travel firm Thomas Cook from bankruptcy, on Monday said it was “disappointed” that the effort had failed. “Fosun is disappointed that Thomas Cook Group has not been able to find a viable solution for its proposed recapitalisation with other affiliates, core lending banks, senior noteho…
AIP, Tokyu Land to List Aussie Assets on SGX and More Asia Real Estate Headlines
…30 June 2020. Read more>> Fosun Founder Promises Profit Rebound Shanghai’s Fosun Group has been hit hard by the pandemic, which gutted the retail, tourism, drugs and insurance-focused company, but Fosun chairman Guo Guangchang expects to make a full recovery. While the Chinese economy is showing signs of healing after months of coronavirus shutdowns, the rest of the world is still in the throes of the virus. This spells trouble for Fosun, which de…
Blackstone Lines Up Banks for India Mall REIT IPO and More Asia Real Estate Headlines
…Fosun Further Cuts Stakes in Firms Amid Debt Concerns Chinese conglomerate Fosun International recently cut its stake in New China Life Insurance and a Fosun unit reduced holdings in Shanghai Yuyuan Tourist Mart Group, exchange filings showed late Monday. Fosun raised roughly RMB 696 million ($99.4 million) through the share reductions, based on company statements and Reuters calculations. Read more>> Bagnall Court in Singapore’s Upper East Coast…
Ontario Teachers to Double Singapore Staff and More Asia Real Estate Headlines
…Chinese Leisure Giant Fosun to Open Palmanova Hotel Chinese leisure giant Fosun will open a hotel in Palmanova next summer, its second hotel on Spain’s Mallorca. Fosun has taken over the old Hotel Honolulu, which it will rename Cook’s Club Calvia Beach. The Chinese group has recently signed an agreement with Hotel Globales. The leisure giant already owns the Cook’s Club Palma Beach in the Playa de Palma. Fosun bought the old Thomas Cook brand nam…
China Home Prices Fall for 13th Month and More Asia Real Estate Headlines
…oth Guangzhou R&F and its primary offshore unit were negative. Read more>> Fosun International Pulls Out of Moody’s Rating Service Faced with $36 billion in debts and a junk credit rating, Shanghai-based Fosun International is tackling the problem by ceasing to provide financial information to one of the world’s largest credit rating agencies. Currently attempting to sell its majority stake in Nanjing Nangang Iron & Steel to raise funds, Fosun sai…
Asia Real Estate People in the News 2022-11-14
…ive director, and takes over the top spot at the travel investment unit of Fosun Group at the same time that he also assumes the chairmanship of its Club Med subsidiary. The shift involves former chairman Qian Jiannong becoming a non-executive director and honorary chairman of the company, at the same time that he resigns as chief executive of Fosun Tourism and chairman of Club Med. Henri Giscard d-Estaing was appointed co-chief executive officer…
Hong Kong Faces 25% Slump From Home Price Peak and More Asia Real Estate Headlines
…ving interest from potential buyers, people familiar with the matter said. Fosun Pharma, a listed arm of Chinese conglomerate Fosun International, has been working with an advisor as it informally gauges interest in its controlling stake in Gland, the people said. Companies in the industry and buyout firms are in the early stages of studying the business, the people said, asking not to be identified discussing private matters. Read more>> Astrid H…
Shimao Services Unit Replaces Auditor Again and More Asia Real Estate Headlines
…a deal. Read more>> Fosun Confirms RMB 12B Syndicated Loan From SOE Banks Fosun High Technology, the domestic operating entity of Fosun International, and eight domestic banks on Monday held a syndicated loan signing ceremony at the Bund Finance Center in Shanghai. According to the agreement, the banks will jointly form a syndicate to provide Fosun High Technology a loan totalling RMB 12 billion ($1.8 billion). Read more>> Indonesia to Break Grou…
Singapore’s 8M Buying Stanley Street Shophouse and More Asia Real Estate Headlines
…set by the rise in total property expenses. Read more>> Fosun Drops Plan to Sell Stake in Drugmaker Gland Pharma: Report China’s Shanghai Fosun Pharmaceutical Group has withdrawn plans to sell its stake in Indian drugmaker Gland Pharma, ET Now tweeted Wednesday, citing sources. Fosun Pharma holds a 57.86 percent stake in the Indian company. Both Fosun Pharma and Gland Pharma did not immediately respond to Reuters’ requests for comment. Read more>>…
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