Three years after listing on the NASDAQ exchange in a $46 million IPO, Qingke Apartment Leasing has been declared bankrupt by a mainland court. The Morgan Stanley-backed apartment rental platform’s name can be translated as ‘eggshell’ and in this instance… Read More>>
Singapore real estate giant City Developments Limited confirmed today that after investing a total of $1.36 billion into Sincere Property Group, the Chongqing-based developer has been sued for bankruptcy in a Chinese court.
Beijing Yi He Mercury Investment, a creditor… Read More>>
Eagle Hospitality Trust announced on Tuesday that a distressed-debt specialist had entered into a preliminary “stalking horse” agreement with entities holding 15 of its US hotel properties as the SGX-listed trust seeks an orderly disposition of the assets, which are… Read More>>
China’s HNA Group, once one of the country’s most prolific global investors, has been sued by its creditors for failure to pay debts and is entering bankruptcy, according to a series of recent statements by the parent company of Hainan… Read More>>
Eagle Hospitality Trust took another step towards liquidation today as the Singapore-listed REIT revealed that 27 entities within its portfolio have filed for bankruptcy in the US.
In a filing to the SGX, DBS Trustee, which is looking after the… Read More>>
Shenzhen-based Kaisa Group Holdings has filed for bankruptcy in the US, in the latest chapter of the Hong Kong-listed developer’s attempt to restructure its debt obligations.
Kaisa, which single-handedly brought the offshore market for Chinese developer bonds to a halt… Read More>>
Woeful and wobbly real estate developer Kaisa Group Holdings revealed its plans for restructuring nearly RMB 48 billion ($7.6 billion) in debts to domestic Chinese creditors today, as the company claws its way back from the brink of default.
The… Read More>>
Kaisa Group, which defaulted on a $51.6 million loan last week, is said to have become the biggest of China’s real estate developers to go bankrupt today when the Hong Kong-listed company decided that it was ceasing all activities until it could… Read More>>
Troubled real estate investment firm Treasury China Trust continues to erode in value as its Irish-based erstwhile parent company recently was found to be insolvent and is to be wound up.
Shares in the the Singapore-listed company have dropped by almost… Read More>>
As the restrictions on China’s residential real estate market continue to hit home, two more privately owned developers filed for bankruptcy last week. These latest filings follow soon after Hangzhou Glory Real Estate filed for relief from its creditors on… Read More>>