Chinese authorities are examining the role of bankrupt developer Evergrande’s former auditor, with that story leading today’s headline roundup. US-based DigitalBridge is also making news as it readies a bid for Australian data centre firm AirTrunk, while Japan’s Seibu is… Read More>>
WeWork Creditors Battle for Post-Restructuring Control and More Asia Real Estate Headlines
Creditors of defaulting shared office provider WeWork are now fighting over control of the company as it enters restructuring, with that story leading Mingtiandi’s headline roundup today. Also making the cut is a “final adjournment” of China Evergrande’s liquidation hearing… Read More>>
BlackRock Turns Bearish on China Equities and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the world’s biggest asset manager sours on China equities, and troubled developer Sunac files for Chapter 15 protection in New York. Also making the cut are GuocoLand’s latest tender win in Singapore and… Read More>>
Asia Real Estate People in the News 2023-09-18
Director resignations at a pair of mainland China real estate companies lead this week’s list of personnel moves from around the region, as developers continue to reel from that country’s property crisis. Also in the news is Barings naming new… Read More>>
Creditors Seize Cheung Kei Hong Kong HQ, Chairman’s Luxury Homes
China’s Cheung Kei Group is adding to the grand mainland investor fire sale in Hong Kong with market sources confirming that the group’s corporate headquarters in Kowloon is being repossessed by Hang Seng Bank, while two luxury residences belonging to… Read More>>
Korean Pension Giant Steps Up Climate Commitment and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, two of South Korea’s biggest institutional investors reveal plans to do business more responsibly, and Jiayuan Services becomes the latest Chinese property firm to cut ties with its auditor.
South… Read More>>
Evergrande Creditors Reject Restructuring Deal and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande struggles to win creditor support for a debt restructuring framework ahead of a self-imposed March deadline, and HSBC’s move towards open-plan desks irks Hong Kong bankers.
Evergrande Fails… Read More>>
PwC Resigns as Evergrande Auditor Over Gaps in Financials
PricewaterhouseCoopers has stepped down as auditor of China Evergrande’s books, citing the failure of the troubled developer to provide information related to its still-unreleased 2021 annual results.
The Big Four accounting firm said it was left in the dark when… Read More>>
Jingrui Struggles to Explain $730M in Vanishing Bank Deposits After PwC Bows Out
Jingrui Holdings has made a series of disclosure to the Hong Kong exchange, struggling to explain the mysterious disappearance of over RMB 4.9 billion ($730 million) in claimed bank deposits that led to PricewaterhouseCoopers resigning as its auditor in May.
S&P Downgrades Shanghai Greenland and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shanghai-backed Greenland Holding suffers a further downgrade to its credit rating, accounting bigfoot PwC plans to retire as auditor of Hong Kong-listed property manager Dowell Service, and China’s Seazen readies a rare offshore… Read More>>