…t month of Sandeep Mathrani as CEO. Ping Gong has been appointed as CFO of Fosun International, and has ceased to be CEO of Fosun Hive, according to a stock exchange filing. Linnan Xue, who had served as Fosun International’s CFO prior to Gong’s appointment, has been re-designated as the vice chairman of Fosun Hive. Gong had served as CEO of the company’s real estate division for three years, following two and a half years as president and executi…
Search Results for: fosun
China’s Country Garden Posts First Loss Ever and More Asia Real Estate Headlines
…he core businesses of Fosun, and Club Med is one of the core businesses of Fosun Tourism Group.” Fosun Tourism Group is the leisure arm of Chinese conglomerate Fosun International. Read more>> Keppel Corporation Aims to Hit S$200B in AUM by 2030 Keppel Corporation is aiming to raise its current S$50 billion ($37.6 billion) in assets under management to S$200 billion by 2030 under its drive to be a leading global asset manager. The new target was d…
Asia Real Estate People in the News 2018-09-10
…to his role with the mainland investment firm. Hsu, who has now been with Fosun since 2012, started into his duties with the spinoff of Fosun Hive Holdings last month, according to his LinkedIn profile, adding to his role as Executive President of Fosun Intelligent Retail. The Zhejiang University graduate also has experience with Fosun’s Human Resources department. Harrison Duan has left Jack Ma’s Cainiao Networks in Hangzhou after more than five…
Greater China Real Estate People in the News 2015-11-02
…g also continues to serve as General Manager for Corporate Development for Fosun Group, in addition to his duties with the property division. Before joining Fosun, Gong spent two-and-a-half years with Samsung Global Strategy Group, and nearly three years with Standard Chartered bank. Stephen Liu has taken over responsibility for a new project with the Chongbang Group, after being named General Manager for project management at the developer’s Nort…
Citic and Carlyle Close in on $3B Deal for China McDonald’s and More Asia Real Estate Headlines
…held conglomerate, has spun off its tourism and entertainment assets into Fosun Tourism and Culture Group, a move that could see the listing of the business eventually. Fosun Tourism and Culture Group, the new unit, will have among its assets French resort operator Club Méditerranée, said Qian Jiannong, global partner and vice president of Fosun Group. Read More>> Invesco Core Fund Teams with Challenger for A$430M Melbourne Deal Invesco Real Esta…
Evergrande Restructuring Timetable Stays on Track and More Asia Real Estate Headlines
…wngrade. Read more>> China Junk Bond Sell-Off Enters New Phase With Record Fosun Rout A record sell-off in Fosun International’s dollar bonds is a sign that financial stress among China’s property developers is starting to spread to the country’s other weaker borrowers. The Shanghai-based conglomerate’s dollar notes lost 21 percent last week, the most in a Bloomberg index of Chinese high-yield dollar bonds, after Moody’s Investors Service put the…
China Data Centre Founder Makes Buyout Offer and More Asia Real Estate Headlines
…tate-owned firms to start a round of checks on their financial exposure to Fosun.” The report, citing people familiar with the matter, claimed that the China Banking and Insurance Regulatory Commission had told commercial banks to check their exposure to Fosun debt and understand potential liquidity risks. Read more>> Tune in again soon for more real estate news and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page f…
Asia Real Estate People in the News 2023-04-03
…the company, joined the board that same day. In addition to his duties at Fosun International, Pan has also been serving as a non-executive director of Fosun Pharmaceutical. Leung Chun Cheong has resigned from his role as executive director and authorised representative of Chongqing-based developer CC Land Holdings, according to an announcement to the Hong Kong stock exchange on 24 March. Now 73, Leung has been an executive director of the compan…
Wanda Explores Sale of Digital Payments Unit and More Asia Real Estate Headlines
…from the 1,119 units resold in March. Read more>> Wanda Eyes Hotel Sale to Fosun to Ease Liquidity Crunch Dalian Wanda Commercial Management is looking to sell a hotel in Shanghai to Fosun International, a report said. Wanda is planning to sell the Wanda Reign Hotel in Shanghai apart from selling several shopping malls to ease a liquidity crunch, the report by Caixin revealed. Read more>> Fosun’s Ratings Affirmed by S&P, Market Warms to Chinese Pr…
Hong Kong Central Bank Moving Staff to Kowloon and More Asia Real Estate Headlines
…f its efforts to reduce debt, Reuters reported on Tuesday, citing sources. Fosun’s Hong Kong-listed unit Fosun Tourism Group owns the resort. Read more>> Former China Central Bank Chief Proposes $139B Facility to Support Developers China’s former central bank governor Yi Gang has suggested a new way for Chinese developers to use pre-sale funds, which could help the country’s ailing property market. Under the proposed system, developers would be ab…
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