…firms on that list, Wang Jianlin’s Dalian Wanda Group and Guo Guangchang’s Fosun Group, were successful in reducing their overseas holdings, HNA needed to be taken over by local authorities before many of its asset sales could take place. Just last month, receivers appointed by HNA’s creditors put up for sale a $71 million apartment in Hong Kong, and a Melbourne commercial project was put on the market by PwC in July after HNA had purchased it in…
Search Results for: fosun
China’s E-House Defaults on $298M Bond and More Asia Real Estate Headlines
…erprise, according to local financial news website Cailianshe. Read more>> Fosun Wins Approval to Build Homes on Shaw Brothers’ Movietown Site Shaw Brothers’ Movietown studio complex in Hong Kong’s Sai Kung district is being transformed into a residential enclave, a decade after production ceased at the birthplace of Chinese kung fu films once dubbed Asia’s Hollywood. The complex on Clear Water Bay Road will be redeveloped into a project with 1.05…
Asia Real Estate People in the News 2022-05-31
…gbin took on a new role as director for investment at Chinese conglomerate Fosun International in Hong Kong this month, after more than two years as partner for alternative investment at China Vanke in Shenzhen. Zhang joined China Vanke in April 2020 after spending a nearly four-year stint at Colliers International, where he was assistant manager for capital markets and investment services. If you know of other Asia real estate professionals chang…
S&P Gives Greenland Negative Outlook, Rating Pulled
…ngs in October, citing “insufficient or otherwise inadequate information to support the maintenance of the ratings”. Later that same month, Moody’s withdrew its ratings of Guangzhou R&F Properties for what it described as “its own business reasons”, while Fosun International terminated its own relationship with the agency. Also in October, Fitch Ratings announced that it was withdrawing its rating for CIFI Holdings at the developer’s request, stat…
Hillhouse Reportedly Moving to Singapore’s MBFC and More Asia Real Estate Headlines
…st office and retail trade in the wake of interest rate jumps. Read more>> Fosun’s Lanvin Group Plunges 25% in New York Trading Debut Shares of Chinese luxury firm Lanvin Group closed their first day of trading on the New York Stock Exchange at $7.63 a share, down 25 percent following volatile swings in the market. The company debuted in a SPAC listing at $10 a share, valuing the company at $1.31 billion. The stock initially surged to $22.81 befor…
Ronshine China Holdings Defaults on $420M Offshore Bond
…RMB 6.3 billion ($938 million). A few days earlier, reports surfaced that Fosun International had received a RMB 12 billion ($1.8 billion) loan from a syndicate of state-owned banks. The Shanghai-based conglomerate has been working overtime to improve its credit profile through a string of asset sales. Meanwhile, serial defaulter Kaisa Group Holdings is being sued by Oasis Capital Management over $102.3 million in unpaid principal and interest pu…
Asia Real Estate People in the News 2022-02-06
…’s chief financial officer, Chen Yan has been named an executive director. Fosun International said in a statement to the Hong Kong exchange on 2 February that Zhuang Yuemin has resigned from his seat as a non-executive director on the company’s board in order to devote more time to personal commitments. Zhuang who serves as chairman of Aeon Insurance Asset Management and as a vice president of Aeon Life Insurance, sees his non-executive director…
Alibaba Confirms IPO Plan for Cainiao Logistics Arm as Restructuring Moves Ahead
…including basketball’s Brooklyn Nets. Reuters reported last November that Fosun International, the cash-strapped Chinese conglomerate chaired by Guo Guangchang, was seeking to offload its stake of less than 5 percent in Cainiao in a deal that could fetch up to $1 billion. Choppy Waters for Listings The news of Cainiao’s planned IPO comes at a fraught time for Hong Kong listings, after the HKEX turned in one of the worst showings among global bour…
Asia Real Estate People in the News 2023-10-09
…as a senior director. The UCLA graduate also has previous experience with Fosun, Merrill Lynch, UBS and NYSE-listed Xinyuan Real Estate. Benoy said this past week that it has promoted Azaria Lee to project director with its Singapore studio. Lee received her new title this month after more than nine years with the UK-based firm where she has worked on projects including Jewel Changi, Han Jardin in Hanoi and retailer David Jones’ flagship store in…
Asia Real Estate People in the News 2023-12-18
…ital Management, a local fund manager which was acquired by Shanghai-based Fosun International in 2014. Liam Owens has been appointed head of business development for The Executive Centre in Japan, effective from 1 January 2024, company representatives have informed Mingtiandi. The one-time professional rugby player has now been with the flexible office operator since 2019 and takes on his new Tokyo-based role this month after serving for a year a…