…he Chifley Tower, one of Sydney’s most identifiable landmarks. Read more>> Fosun Cuts Planned Club Med IPO by 45% Fosun Tourism Group, owner of the French holiday resort chain Club Med, has cut the size of its Hong Kong initial public offering by almost half amid a slumping market and a surge in new share offerings. The company, the largest leisure tourism resorts group in the world by revenue, plans to raise as much as HK$4.28 billion (US$547 mil…
Search Results for: fosun
Ascendas REIT to Build Grab’s New $135M HQ and More Asia Real Estate Headlines
…g. Read more>> Fosun May Take Full Control of Germany’s Tom Tailor China’s Fosun International Ltd may obtain full control of German fashion retailer Tom Tailor, in which the company currently holds a stake of about 29 percent. Fosun informed the European Commission on December 21 that it may passively obtain “de facto control” of the Hamburg-based retailer after attendance rates at past shareholder meetings decreased. Now, the EU Commission has a…
Singapore CBD Office Rents Jump Nearly 15% and More Asia Real Estate Headlines
…perator Huis Ten Bosch Co. is no longer planning to sell shares to China’s Fosun Group, the theme park’s owner H.I.S. announced on Tuesday. Huis Ten Bosch in December said it was in talks to sell nearly 25% of its shares to the Chinese leisure conglomerate. The theme park expected to benefit from more Chinese visitors, while Fosun reportedly had plans to open similar facilities in China. But negotiations “did not result in an agreement,” H.I.S. sa…
HKMA Buys 25% Stake in A$1.8B Aussie Development and More Asia Real Estate Headlines
…Group has agreed the main terms of a rescue package that will see China’s Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline. The terms announced on Wednesday will see Fosun – whose Chinese parent owns all-inclusive holiday firm Club Med – contribute £450 million($552 million) of new money in return for at least 75 percent of the tour operator business and 25 percent of the group’s airline. Thomas C…
Investors Aiming for 35% Discounts on HK Offices and More Asia Real Estate Headlines
…ad bought 5.7 million shares in the FTSE 100 property company. Read more>> Fosun’s Cirque du Soleil Offered $200M Bailout Cirque du Soleil, its spotlight dimmed by the coronavirus pandemic, will receive $200 million in aid from Canada’s Quebec province, an official said on Tuesday, as part of broader efforts to revive and keep the hard-hit international entertainment group based in Montreal. Quebec Economy Minister Pierre Fitzgibbon said the provi…
Li Ka-Shing’s CK Asset Sells Chengdu Project for $1B and More Asia Real Estate Headlines
…Ruizhuo Real Estate Co, it said in a filing on Thursday night. Read more>> Fosun Warns of 76% Profit Slide at Club Med Fosun International, the owner of Club Med resort chain, has told investors to expect up to a 76 percent slide in earnings for the first six months this year as the coronavirus pandemic crushed its tourism-related business. The group is expected to generate 1.8 billion to 2 billion yuan (US$285 million) of earnings in the first ha…
Li Ka-shing’s CK Asset Reports 35.5% Profit Dip and More Asia Real Estate Headlines
…s pubs in the United Kingdom because of the Covid-19 outbreak. Read more>> Fosun Said to Buy €70M Bucharest Office Building Fosun, one of the largest investment companies in China, bought the Floreasca Park office project in Bucharest, Romania from German fund GLL. The Shanghai-based company carried out the acquisition through the Resolution Property Investment Management division, acting as a value-added real estate investment manager. The Florea…
Korean Investors Back $247M Dallas Warehouse Buy and More Asia Real Estate Headlines
…due 2023, and S$15 million of its 4.7 per cent notes due 2024. Read more>> Fosun to Relaunch Thomas Cook as UK Online Travel Agent Fosun Tourism is planning to give Thomas Cook’s brand a new lease of life in the global travel market after buying its intellectual property out of UK bankruptcy last year. The Shanghai-based hospitality group wants to position for a recovery in travel demand by unveiling an online travel booking platform soon, accordi…
Asia Real Estate People in the News 2020-11-09
…and IT head. He will be reporting to the head office in Shanghai. China’s Fosun entered the Indian real estate industry through its real estate wing, Fosun Hive, and partnered with Ahuja Constructions in September 2019; the partnership is now known as Ahuja Hive. In his new role, Kesari will be working on resolving current technical issues related with project sites in Indian projects, infrastructure and security issues. Troy Tang has been promot…
WeWork Launches Singapore Co-Working Tower and More Asia Real Estate Headlines
…e people, asking not to be named speaking on personnel issues. Read more>> Fosun Tourism Group’s Shares Fall on Report of Parent Reducing Stake Shares of Fosun Tourism Group fell sharply in early trade after a report in Hong Kong media that its parent company was planning to trim its stake in the company. The tourism company’s shares were down 18 percent at the midday break, to HK$8.22 ($1.05). Read more>> Kaisa Aims to Present Offshore Debt Revam…
- « Previous Page
- 1
- …
- 11
- 12
- 13
- 14
- 15
- …
- 33
- Next Page »