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PWC China

Hong Kong Accounting Watchdog Launches Probe of PwC Role at Evergrande

PWC China

2024/04/22 by Christopher Caillavet Leave a Comment

Hong Kong regulators have opened an investigation into PricewaterhouseCoopers and its relationship with China Evergrande, with the inquiry coming on the heels of reports that mainland authorities are probing PwC’s role in dodgy bookkeeping at the bankrupt developer.

The Accounting… Read More>>

Hong Kong regulators have opened an investigation into PricewaterhouseCoopers and its relationship with China … Read more>>>

Chen Hongtian of Cheung Kei

Banks Chase Cheung Kei Boss for $200M in Overdue Loan Payments

Chen Hongtian of Cheung Kei

2024/04/22 by Christopher Caillavet Leave a Comment

Mainland tycoon Chen Hongtian has received demands from a pair of banks to repay more than HK$1.6 billion ($200 million) in overdue loans and interest charges, according to a media account, as liquidators continue to market global properties linked to… Read More>>

Mainland tycoon Chen Hongtian has received demands from a pair of banks to repay more than HK$1.6 billion ($200 million) … Read more>>>

Stephen Schwarzman Blackstone

Blackstone Net Profit Surges Nearly Tenfold in Q1 as Real Estate Business Rebounds

Stephen Schwarzman Blackstone

2024/04/20 by Kevin He Leave a Comment

Blackstone’s attributable net profit jumped nearly tenfold in the first quarter from a year earlier, as the private equity titan’s real estate business led its main strategies for growth in revenue, fee-related earnings and distributable earnings.

The world’s largest alternative… Read More>>

Blackstone’s attributable net profit jumped nearly tenfold in the first quarter from a year earlier, as the private … Read more>>>

Isabella Lo of Gaw Capital Partners

Alyssa Partners, Gaw Capital Buy 29 Tokyo Apartment Buildings for Estimated $259M

Isabella Lo of Gaw Capital Partners

2024/04/19 by Michael Cole Leave a Comment

Alyssa Partners and Gaw Capital Partners have acquired a portfolio of 29 Tokyo apartment buildings from a major Japanese conglomerate, according to an announcement on Friday, with the purchase of 835 homes representing the country’s largest trade of rental residential… Read More>>

Alyssa Partners and Gaw Capital Partners have acquired a portfolio of 29 Tokyo apartment buildings from a major Japanese … Read more>>>

Li Sze-lim R&F

Guangzhou R&F Avoids London Default as Project Sale to CC Land Boss Moves Forward

Li Sze-lim R&F

2024/04/18 by Kevin He, Michael Cole Leave a Comment

Guangzhou R&F Properties (R&F) this week averted default on an £800 million project loan for its One Nine Elms development in southwest London, signing a deal to sell the $1.3 billion UK condo and hotel project after winning consent from… Read More>>

Guangzhou R&F Properties (R&F) this week averted default on an £800 million project loan for its One Nine Elms … Read more>>>

Yu Liang

China Vanke Said in Talks to Sell 21% Stake in GLP to State-Backed Investors

Yu Liang

2024/04/18 by Michael Cole Leave a Comment

With its bonds falling to all-time lows this week amid a deepening liquidity crisis, China Vanke is reported to be in discussions to sell its stake in industrial fund manager and developer GLP, as its scrambles to pay down $14… Read More>>

With its bonds falling to all-time lows this week amid a deepening liquidity crisis, China Vanke is reported to be in … Read more>>>

su baolin Singapore

OCBC Marketing Sentosa Site to Recover Losses From $2.2B Money Laundering Case

su baolin Singapore

2024/04/16 by Beatrice Laforga Leave a Comment

Oversea-Chinese Banking Corp (OCBC) is putting up for sale a residential plot on Singapore’s Sentosa island, after repossessing the property from a suspect arrested in the city-state’s S$3 billion ($2.2 billion) money-laundering case.

OCBC has appointed Edmund Tie to manage… Read More>>

Oversea-Chinese Banking Corp (OCBC) is putting up for sale a residential plot on Singapore’s Sentosa island, after … Read more>>>

Seung Youn Kim, Chairman

Korea Deal Streak Continues as Hanwha Sells Gangnam Office Building for $242M

Seung Youn Kim, Chairman

2024/04/15 by Michael Cole Leave a Comment

Korea’s Hanwha Asset Management has sold an office tower in Seoul’s Gangnam business district for $242 million as the Korean capital continues to rank among Asia’s regional hotspots for commercial property transactions.

The Seoul-based investment manager agreed last month to… Read More>>

Korea’s Hanwha Asset Management has sold an office tower in Seoul’s Gangnam business district for $242 million as the … Read more>>>

Du Shuanghua

Mainland Investor Du Shuanghua Backs Out of Singapore’s Biggest Property Deal of 2023 

Du Shuanghua

2024/04/14 by Beatrice Laforga Leave a Comment

Chinese-backed investor Bright Ruby Resources has walked away from the largest property deal signed in Singapore during 2023, cancelling its planned S$908 million ($668 million) purchase of a shopping mall on Orchard Road after failing to win government approval to… Read More>>

Chinese-backed investor Bright Ruby Resources has walked away from the largest property deal signed in Singapore during … Read more>>>

Hiew Yoon Khong of Mapletree

Mapletree Buys $1.3B European Student Housing Portfolio From Cuscaden Peak

Hiew Yoon Khong of Mapletree

2024/04/12 by Michael Cole Leave a Comment

Singapore’s Mapletree Investments continues to expand its global portfolio of student housing with the unit of Temasek Holdings announcing on Friday that it has acquired 31 purpose-built student accommodation (PBSA) assets in Europe from its compatriots at Cuscaden Peak Investments.

… Read More>>

Singapore’s Mapletree Investments continues to expand its global portfolio of student housing with the unit of Temasek … Read more>>>

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