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Pan Wei Ming

Mainland Developer Fullsun Buys Kowloon Condo Project for $117M

Pan Wei Ming

2018/03/19 by Shawna Kwan Leave a Comment

Hong Kong-listed mainland property developer Fullsun International has agreed to purchase a residential project in Ho Man Tin, an upmarket residential area in central Kowloon, for HK$920 million ($117 million), according to a filing to Hong Kong Stock Exchange.

The… Read More>>

Hong Kong-listed mainland property developer Fullsun International has agreed to purchase a residential project in Ho … Read more>>>

CIC Aims To Boost Real Estate, Alternatives to 45% of Overseas Portfolio

2018/03/17 by Greg Isaacson Leave a Comment

China Investment Corporation (CIC) is eyeing more exposure to real estate, as the $930 billion sovereign wealth fund plans to hike alternative and direct investments to 45 percent or more of its overseas portfolio within three years, from 38 percent… Read More>>

China Investment Corporation (CIC) is eyeing more exposure to real estate, as the $930 billion sovereign wealth fund … Read more>>>

Chen Feng HNA

HNA Sells Second Hilton Spin Off for $1.1B As Aviation Regulator Presses for Fuel Payment

Chen Feng HNA

2018/03/15 by Shawna Kwan Leave a Comment

Debt-wracked HNA Group is selling another Hilton spinoff for $1.1 billion, less than two weeks after it sold a $1.4 billion stake in Park Hotels & Resorts Inc. The mainland conglomerate is in desperate need of fresh cash as it… Read More>>

Debt-wracked HNA Group is selling another Hilton spinoff for $1.1 billion, less than two weeks after it sold a $1.4 … Read more>>>

Stephen Schwarzman Blackstone CIC

CIC Exits 11-Year Blackstone Investment After Learning to Love Alternative Assets

Stephen Schwarzman Blackstone CIC

2018/03/14 by Greg Isaacson Leave a Comment

Sovereign wealth fund China Investment Corporation (CIC) has exited its investment in Blackstone 11 years after taking a stake in the US alternative investment giant. During that stretch, the guardian of China’s foreign exchange reserves and the world’s biggest landlord… Read More>>

Sovereign wealth fund China Investment Corporation (CIC) has exited its investment in Blackstone 11 years after taking a … Read more>>>

Wang Gehong CYPA

China Construction Bank Backs RMB 2B Rental Housing Fund

Wang Gehong CYPA

2018/03/14 by Michael Cole Leave a Comment

China Construction Bank, one of the mainland’s big four lenders, is teaming with rental housing management firm China Young Professionals Apartment Management Ltd (CYPA) to set up a new RMB 2 billion ($315 million) fund aimed at securing and developing… Read More>>

China Construction Bank, one of the mainland’s big four lenders, is teaming with rental housing management firm China … Read more>>>

Jia Yueting LeEco

LeEco Unit Faces Friday Shut Down in Hong Kong After Missing $1.3M in Rent

Jia Yueting LeEco

2018/03/14 by Shawna Kwan Leave a Comment

Mainland media magnate Jia Yueting’s LeEco may be about to suffer another setback in its battle to climb out of a RMB 16.8 billion ($2.7 billion) debt hole, as a Hong Kong online streaming unit of the Beijing-based conglomerate is… Read More>>

Mainland media magnate Jia Yueting’s LeEco may be about to suffer another setback in its battle to climb out of a RMB … Read more>>>

Sun Hongbing

Sunac Buys Out Pair of HNA Hainan Projects for $300M as Fire Sale Rages

Sun Hongbing

2018/03/13 by Shawna Kwan Leave a Comment

Chinese tycoon Sun Hongbin, who bailed out Wanda Group last year, is coming to the aid of a struggling mainland developer again. HNA Infrastructure Investment Group, a listed subsidiary of embattled HNA Group, said in two separate filings to the… Read More>>

Chinese tycoon Sun Hongbin, who bailed out Wanda Group last year, is coming to the aid of a struggling mainland … Read more>>>

Chen Feng HNA

Indebted HNA Teams Up with JLL Amid Restructuring Drive

Chen Feng HNA

2018/03/13 by Greg Isaacson Leave a Comment

Global real estate consultancy JLL is teaming up with HNA Group to advise the conglomerate on “sound investments,” as the indebted Chinese firm looks to sell up to $6 billion in overseas real estate assets.

The strategic partnership – announced… Read More>>

Global real estate consultancy JLL is teaming up with HNA Group to advise the conglomerate on “sound investments,” as … Read more>>>

Chen Guo

HNA Group Restructures Hotel Businesses, Plans Sale of Stake in 2nd Hilton Spin-Off

Chen Guo

2018/03/12 by Shawna Kwan Leave a Comment

Hainan Airlines, the flagship carrier of HNA Group, will take over the group’s hotel business as part of an asset restructuring by the troubled Chinese conglomerate. Hainan Airlines announced in a filing to the Shanghai Stock Exchange that it would… Read More>>

Hainan Airlines, the flagship carrier of HNA Group, will take over the group’s hotel business as part of an asset … Read more>>>

HNA Chen Feng

HNA Group Sells Kai Tak Site to Hong Kong’s Wheelock for $811M

HNA Chen Feng

2018/03/11 by Shawna Kwan Leave a Comment

Cash-strapped HNA has grabbed another lifeline from a Hong Kong developer to help crawl its way out of debts estimated at $100 billion. In the latest attempt to bail out its balance sheet, the Hainan-based conglomerate agreed to sell one… Read More>>

Cash-strapped HNA has grabbed another lifeline from a Hong Kong developer to help crawl its way out of debts estimated … Read more>>>

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