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Chen Feng HNA

HNA Sheds Unused HK Trophy Office in Battle for Liquidity

Chen Feng HNA

2018/09/12 by Jan Kot Leave a Comment

Cash-strapped mainland conglomerate HNA is shedding all eight floors of its unused office space in Hong Kong’s Central district, in a bid to trim HK$12 million per month in rent from its wall of liabilities, according to sources familiar with… Read More>>

Cash-strapped mainland conglomerate HNA is shedding all eight floors of its unused office space in Hong Kong's Central … Read more>>>

Yang Guoqiang Country Garden Thumb

Country Garden Plans for a Robot Valley in Foshan

Yang Guoqiang Country Garden Thumb

2018/09/12 by Emma Zhou Leave a Comment

Chinese real estate giant Country Garden recently announced plans to build a 10-square-kilometre (3.9-square-mile) industrial park through its wholly owned subsidiary Bright Dream Robotics, according to Yicai.com. The Robot Valley project will be located in the southern Guangdong city of… Read More>>

Chinese real estate giant Country Garden recently announced plans to build a 10-square-kilometre (3.9-square-mile) … Read more>>>

lai junlin tb

Shenzhen Developer Spends HK$4.8B Buying Pair of Hong Kong Luxury Sites

lai junlin tb

2018/09/10 by Emma Zhou Leave a Comment

The owners of Shenzhen real estate developer Hongrongyuan Property Group have reportedly acquired a luxury residential site five minutes walk from billionaire Jack Ma’s home near Hong Kong’s Victoria Peak for HK$3 billion ($384.6 million), according to local media accounts.

… Read More>>

The owners of Shenzhen real estate developer Hongrongyuan Property Group have reportedly acquired a luxury residential … Read more>>>

Lianjia CEO Zuo Hui

Tencent, Warburg Pincus Said Investing $1.5B in China’s Lianjia

Lianjia CEO Zuo Hui

2018/09/09 by Emma Zhou Leave a Comment

Chinese Internet giant Tencent is planning to invest $1 billion into Lianjia, as part of a $2 billion financing round in preparation for a future IPO by China’s largest real estate brokerage, according to a report in the Wall Street… Read More>>

Chinese Internet giant Tencent is planning to invest $1 billion into Lianjia, as part of a $2 billion financing round in … Read more>>>

Ye Maoxin Jingwei

Zhongrong Sells Shanghai Office Building to Five Bulls Fund for RMB 1.5B

Ye Maoxin Jingwei

2018/09/06 by Jan Kot Leave a Comment

Chinese shadow banking firm, Zhongrong International Trust, has successfully exited from its first income-earning commercial property, selling the Shanghai Zhongrong Trust Building to Shanghai-based Five Bulls Fund for RMB 1.5 billion ($220 million), according to a local news report.

The… Read More>>

Chinese shadow banking firm, Zhongrong International Trust, has successfully exited from its first income-earning … Read more>>>

Johnson Place Chai Wan

Hong Kong Motor Maker Puts Chai Wan Building on Market for HK$1.2B

Johnson Place Chai Wan

2018/09/06 by Emma Zhou Leave a Comment

Hong Kong’s Chai Wan property market may get a little hotter this month as a converted industrial building is auctioned off on the east end of Hong Kong island.

The 11-storey Johnson Place will be offered to interested buyers via public… Read More>>

Hong Kong’s Chai Wan property market may get a little hotter this month as a converted industrial building is auctioned … Read more>>>

Levertech Centre

Local Family Buys Kowloon East Industrial Building for HK$1.3B

Levertech Centre

2018/09/06 by Emma Zhou Leave a Comment

Hong Kong’s developing business hub in Kowloon East notched its latest sale of an aging industrial building this week as a local family bought the 25-storey Levertech Center for HK$1.3 billion ($165.60 million).

The buyer of the 118,000 square foot… Read More>>

Hong Kong’s developing business hub in Kowloon East notched its latest sale of an aging industrial building this week as … Read more>>>

Qian Jiangnong Fosun

$700M Fosun Tourism IPO Offers a Stake in Money-Losing Travel Unit

Qian Jiangnong Fosun

2018/09/04 by Emma Zhou Leave a Comment

Fosun Tourism, a recently spun off unit of Hong Kong-listed Fosun International filed proof of an IPO application with the Hong Kong stock exchange on Monday that revealed the latest step in what the company is said to plan as… Read More>>

Fosun Tourism, a recently spun off unit of Hong Kong-listed Fosun International filed proof of an IPO application with … Read more>>>

Wang Yonghong Zhonghong

Mainland Developer Announces Default on RMB 2.27B in Debt as White Knight Goes Dark

Wang Yonghong Zhonghong

2018/09/04 by Emma Zhou Leave a Comment

Zhonghong Holdings, the real estate developer controlled by tycoon Wang Yonghong announced last week that it had defaulted on RMB 1.1 billion ($160 million) in credit obligations in the month of July, bringing the Beijing-based company’s total past-due obligations to… Read More>>

Zhonghong Holdings, the real estate developer controlled by tycoon Wang Yonghong announced last week that it had … Read more>>>

Li Sze-Lim

Guangzhou R&F Aims for RMB 13B Bond After RMB 6B Note Sale Shot Down

Li Sze-Lim

2018/09/03 by Emma Zhou Leave a Comment

Top 20 mainland developer R&F Property had a RMB 6 billion corporate bond plan officially terminated by the Shanghai Exchange last week, despite a trend toward mainland regulators re-opening domestic bond issues for real estate companies.

The canceled notes, which… Read More>>

Top 20 mainland developer R&F Property had a RMB 6 billion corporate bond plan officially terminated by the Shanghai … Read more>>>

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