Financially troubled HNA Group has sold the remaining 75.10 percent stake of a Beijing commercial complex to a subsidiary of China Vanke for a total consideration of RMB 1.304 billion ($190 million), according to a filing to the Shanghai Stock… Read More>>
Mainland Co-Working Contender Ucommune Said Aiming for $200M US IPO
Ucommune, WeWork’s biggest rival in mainland China, is reportedly planning to raise as much as $200 million in a US IPO next year, as the loss-making mainland co-working player continues to raise new capital.
The US listing plan by the… Read More>>
Hong Kong’s Toy King Buys Up Remaining Half of Sydney Tower for A$300M
Hong Kong’s King of Toys, Francis Choi, has acquired full ownership of a prime office building in North Sydney after buying out the remaining 50 percent of the asset for A$300 million ($210 million), according to an announcement to the… Read More>>
Shanghai-Based Developer Zhongliang Holdings Files for HK$3.5B IPO
China’s only 100-billion-yuan privately held developer, Zhongliang Holdings Group, plans to raise up to HK$3.54 billion ($453 million) in an initial public offering on the Hong Kong Stock Exchange, according to official filings by the company.
The Zhejiang-based home builder… Read More>>
China Resources Land, Poly Developments Win Kai Tak Site for HK$12.9B
Hong Kong’s Lands Department announced on Wednesday that a joint venture between China Resources Land and Poly Developments won a tender for the second-biggest parcel of land on the runway of Hong Kong’s former Kai Tak airport for HK$12.9 billion… Read More>>
India Hotel Giant OYO Denies China Layoff Reports
Oyo Hotels & Homes is denying reports that it has conducted mass layoffs in China, after accounts in the local media indicated that the Indian lodging unicorn had cut up to 1,000 mainland staff.
An Oyo spokesperson refuted the claims… Read More>>
Shenzhen Takes in RMB 22.4B From Biggest Day of Land Sales Ever
Shenzhen auctioned off five residential land parcels to a pack of 80 project-hungry developers on Monday, bringing in a total of RMB 22.4 billion ($3.2 billion) for southern China’s top tech hub.
The city’s first residential land sale of 2019… Read More>>
Suning Buys Carrefour’s China Operation Off the Discount Shelf at RMB 4.8B
Chinese retailer Suning.com has agreed to buy an 80 percent stake in Carrefour Group’s China unit for RMB 4.8 billion ($699 million) in cash, according to an announcement to the Shenzhen stock exchange.
The agreement paves the way for the… Read More>>
Dalian Wanda Plans $1B Singapore REIT Listing
China’s largest commercial developer, Dalian Wanda Group, is planning to list a real estate business in Singapore, in a deal that could value a portfolio of properties at over $1 billion, according to a Wall Street Journal report.
The potential… Read More>>
Buyer Walks Away From HK$251M Luxury Home as Hong Kong Uncertainty Grows
Less than 10 days after agreeing to purchase a luxury home in southern Hong Kong island for HK$251 million ($32 million), an unnamed buyer has walked away from the deal, forfeiting a HK$12.56 million deposit, according to Hong Kong public… Read More>>
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