Some of Hong Kong’s top lenders are said to be in talks on the creation of a “bad bank” to mop up non-performing loans, with that report leading today’s headline roundup. Also in the news, Canada’s Alimentation Couche-Tard drops its… Read More>>
Kerry Properties Net Profit Slumped 75% in 2024 and More Asia Real Estate Headlines
The Kuok family’s Kerry Properties reports a 75 percent drop in full-year net profit despite rising revenue, with those results leading today’s headline roundup. Also in the news, Macquarie-backed Local acquires a Gold Coast apartment project and Chinese data centre… Read More>>
Korea’s NPS Names Core Property Fund Managers and More Asia Real Estate Headlines
Korean pension giant NPS chooses a trio of asset managers to oversee a key domestic property fund, with that story leading today’s headline roundup. Also making the list, a Goodman exec sues an Aussie compatriot for defamation and Beijing heaps… Read More>>
Li & Fung Retail Unit Sells Hong Kong Circle K Stores for $360M
After resetting itself as a private corporation last year, Hong Kong trading firm Li & Fung’s restructuring continues, this time with the sale of its Hong Kong and Macau Circle K stores to Quebec-based convenience store operator and brand owner… Read More>>