…staggered times to enable social distancing in queues. Read more>> China’s Longfor Group Revives Property Management IPO Longfor Group Holdings’ property management unit has filed for an initial public offering in Hong Kong to raise funds to expand in China. Longfor Intelligent Living plans to use proceeds from the offering to make investments and acquisitions in Tier 1 and 2 cities in China, among other uses, it said in a draft prospectus filed w…
Search Results for: longfor
Singapore’s URA Launches Residential Tenders and More Asia Real Estate Headlines
…ty Agency. That’s the highest since early 2007, the data show. Read more>> Longfor Chair Resignation Pulls Down Mainland Developer Shares Longfor Group Holdings Ltd., the country’s 10th-largest builder, tumbled in the bond and share markets Monday after billionaire Chairwoman Wu Yajun stepped down, citing health and age reasons. China’s builder-dominated high-yield dollar bonds, which haven’t posted a daily gain in nearly four weeks while logging…
China Aoyuan Receives Hong Kong Court Approval for Offshore Debt Restructuring Plan
…lopers’ long road to financial normalcy, two of Aoyuan’s mainland rivals — Longfor Group and Guangzhou R&F Properties — are finding creative ways to reward the patience of their shareholders and creditors. China Aoyuan chairman Guo Zi Wen (Getty Images) Beijing-based Longfor notified shareholders on Friday that they could opt to receive their 2023 interim dividends in one of three ways: as cash at a rate of RMB 0.32 ($0.05) per share; as new share…
Li Ka-Shing’s CK Asset Selling Homes Below Cost and More Asia Real Estate Headlines
…equity in Asia, Amit Dixit. Read more>> Fitch Downgrades Chinese Developer Longfor to Junk Fitch Ratings downgraded China’s second-largest private developer, Longfor Group, to junk status on Thursday, citing persistent weakness in the company’s and the sector’s sales performance. Fitch downgraded Longfor to BB+ from BBB-, which was the last notch for investment-grade ratings, adding a negative outlook. Read more>> Vanke Aims to Cut Debts by One-Th…
Soho China Says 1st-Half Profit Soared – and more of Today’s China Real Estate Links | August 21, 2013
…plans have been announced yet. Longfor confident in sales target for 2013 Longfor Properties Co Ltd expressed confidence on Monday in meeting its full-year sales target, as strong demand drove a sharp rebound in the property market. First-half sales were 22.4 billion yuan ($3.6 billion), or 49 percent of its 2013 goal, the Beijing-based company said in its interim results. Chief Executive Officer Shao Mingxiao said that there is “no problem” to m…
Wanda Breaks Ground on 95-Story Chicago Tower and More Asia Real Estate Headlines
…Longfor Chief Plans to Sell $232M in Shares The billionaire ex-husband of Longfor Properties chairwoman Wu Yajun is selling 150 million shares worth US$232 million (HK$1.8 billion) in the company through a share placement, according to a term sheet obtained by the South China Morning Post. Junson Capital, a family office owned by Cai Kui, offered to sell stock in Longfor, one of China’s biggest private developers, at HK$12 per share, a 7 per cent…
China’s Property Crackdown Turns into a Witch Hunt And More Asia Real Estate Headlines
…, according to an announcement from Keppel DC Reit Management. Read more>> Longfor Properties Forecasts A Further Fall In Its Borrowing Rates Longfor Properties, one of China’s largest residential and commercial developers, expects its financing costs to drop below five percent by the end of the year, even as the central government looks to tighten lending to the property sector. The company’s average funding costs already stood at a record-low 5….
Girl Power: Meet The 4 Mainland Women Who Made Nearly $20 Bil in Real Estate
…mble down the list. This year the co-founder and chair of Hong Kong-listed Longfor Properties comes in at number 42 on the China rich list and is the third wealthiest woman in China’s real estate industry with a net worth of $4 billion. It’s safe to say Wu’s journey into real estate was more about chance than passion. She picked up a degree from the Department of Navigation Engineering at China’s Northwestern Polytechnical University. She then wen…
CPPIB Spends More Than $680M On Chinese Retail In Two Weeks
…ows just 14 days after CPPIB put up $147 million for a 49 percent stake in Longfor Properties’ West Paradise Walk. The six-level shopping mall in the western Chinese city of Chonqing was attractive in part due to its high occupancy rate, which stood at 99 percent during the past two years. Also within the last fortnight, CPPIB invested over $375 million for a 25 percent stake in CapitaLand’s Raffles City China Investment Partners III fund. The $1….
China’s Hengli Buys Lloyds Bank London Office and More Asia Real Estate Headlines
…han a year of issuance restrictions aimed at cooling down property prices. Longfor Chongqing Enterprise Development, a domestic subsidiary of Hong Kong-listed Longfor Properties, last week filed a plan with the Shanghai Stock Exchange to issue special rental housing bonds, with proceeds exclusively pledged to rental projects. Read more>> Shangri-La Offers Co-Working at Relaunched BJ Traders Hotel Co-working space is all the rage in Beijing. Not on…
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