…r by the same Chinese firm. Read more>> Club Med Opens 8 New Resorts After Fosun Buyout Club Med has embarked on global expansion with eight resorts having opened during the last two years and at least 20 more planned for China according to Club Med president Henri Giscard d’Estaing. He made the comments on the sidelines of celebrations to mark the opening of Club Med’s Opio Resort in Nice, last week. In the past 10 years, the Club Med president a…
Search Results for: fosun
Wanda Sells 13 Theme Parks and 76 Hotels to Sunac for $9.3B
…Kong exchange last September. Wanda, along with fellow deal-makers HNA and Fosun, was among companies targetted for scrutiny over their debts last month when the China Banking Regulatory Commission (CBRC) asked financial institutions to review borrowings by some of the mainland’s biggest conglomerates. Even after the developer de-listed last year, ratings agencies had downgraded its credit, with Standard & Poor’s marking down the commercial develo…
Asia Real Estate People in the News 2017-07-17
…since 2012, and will continue to act as an advisor to the company. China’s Fosun International bought Tokyo-based IDERA from Unison Capital in 2014, and has used the real estate management firm in its Japanese property acquisitions since then. Stéphan Deville has taken on a new role as Mixed-use Development Manager at IKEA Group, and relocated to Malmo, Sweden. The nine-year veteran of the Swedish retail group steps into his new responsibilities a…
China Says Wanda’s Cross-Border Entertainment Deals Violate Capital Controls
…owing by Wanda along with two other mainland mega-investors, HNA Group and Fosun International, and Rossoneri Sport Investment (which bought an Italian soccer club AC Milan for $828 million last year). The instructions were handed down by the China Banking Regulatory Commission in early June. Regulator Moves Could Explain a Sunac Vulture Deal Sunac’s Sun Hongbin just agreed to pick up $9.3 billion worth of assets from Wanda The regulatory crackdow…
After $30B in Cross-Border Deals, China’s HNA Says It’s All About Charity
…tate-owned lenders in mid-June to review lending to Dalian Wanda Group and Fosun International, citing concerns over financial risk stemming from the companies’ big-ticket overseas acquisitions. Wanda, the China’s largest commercial property firm, was targetted for special punishment, with Chinese president Xi Jinping reportedly signing off on a clampdown on lending to the company’s overseas projects on June 20. Over the weekend, Wanda boss Wang J…
Developer Evergrande Says Half-Year Profit May Triple and More Asia Real Estate Headlines
…eviews on some of China’s biggest offshore asset buyers, including Anbang, Fosun, HNA Group and Wanda, have put the brakes their overseas acquisitions plans, while also sending a chill across the broader corporate community. Read more>> Only 1% of Hong Kongers Say It’s a Good Time to Buy Homes Just one per cent of Hongkongers considered it a good time to buy property in the second quarter of this year, according to a latest Citibank survey. Lawren…
CIC Reveals $188M Stake in Newly Listed TPG REIT
…country’s top private firms, including Dalian Wanda Group, HNA Group, and Fosun International. The move by the sovereign wealth fund indicates that the nation’s sovereign investors may be under less constraints than their corporate counterparts in doing deals abroad. CIC has emerged as China’s top outbound investor in recent years, making over $200 billion in foreign acquisitions to date, including buying $1.7 billion of Manhattan real estate las…
M&G Asia Fund Buys Aussie Office Tower for A$119M and More Asia Real Estate Headlines
…Wednesday, seeking to allay what he said was investor concern. Read more>> Fosun’s Guo Highly Recommends His Stock Amid Short-Seller Battle Guo Guangchang, the founder and chairman of one of China’s biggest asset buyers, has urged his company’s shareholders and investors to take action against rumourmongers whose falsehoods destroy stock market value and hurt their financial interests. “While we’re been busy working, some people were busy spreadin…
Nearly $2 Bil in HNA Deals in Doubt as Partners Question Debts, Shareholding
…er a debt-fueled acquisition binge that has seen the Fortune Global 500 company’s assets more than quadruple to RMB 1.2 trillion ($177.5 billion) from 2014 to 2016. Last month, HNA along with Fosun International and Dalian Wanda Group were reportedly singled out by Chinese banking regulators for a lending clampdown on the acquisitive private firms….
Asia Real Estate People in the News 2017-07-31
…s experience with Shanghai-based developer Forte Land and its sister firm, Fosun Real Estate Holdings. Amy Hsien is now Assistant Director for Portfolio Management with HKRI Taikoo Hui in Shanghai. Hsien joins the joint venture project between developers HKRI and Swire Properties after a year and a half with asset manager Pradera Retail Asia in Shanghai, where she had served as Assistant Director of Portfolio Leasing. The University of Birmingham…
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