The reappearance, at least in the headlines, of one of the stars of China’s outbound investment wave of the mid-teens, leads this week’s review of personnel moves from around Asia’s real estate world as a co-founder of HNA Group receives… Read More>>
HNA Creditors Sell Seized Luxury Home on Hong Kong’s Peak for $50M
Four months after HNA chairman Chen Feng was detained by the Hainan police, creditors of his bankrupt empire have sold off a Hong Kong luxury home used by the jailed billionaire at a markdown of HK$116 million ($14.9 million) from… Read More>>
HNA Chairman, CEO Detained as Restructuring Enters Home Stretch
China’s HNA Group, which declared bankruptcy earlier this year after struggling to pay off debts that once totalled over $100 billion, has added a new chapter to its restructuring as two of its top officials have been taken away by… Read More>>
HNA Chair Barred From Flying Over $5,300 Debt and More Asia Real Estate Headlines
A once high-flying mainland investor has been grounded by the courts after failing to make a $5,300 payment ordered in a lawsuit judgement, landing HNA Group at the top of the news once again.
Also in the real estate… Read More>>
Hainan Officials Take the Controls as HNA Sends Distress Call
The Hainan government has moved to take direct control of HNA Group with the appointment of two state officials to leadership roles on the company’s board, according to announcements over the weekend by the financially troubled aviation and investment conglomerate.
China’s HNA Real Estate Takes Real Estate Out of Its Name
HNA Real Estate Holdings has been having a close-out sale of some of its biggest assets this year, but now the property division of China’s best-known, and most-indebted, aviation conglomerate is going a step further by taking the words real… Read More>>
HNA Cancels RMB 1.3B Sale of Beijing Office Building to Vanke
Financially troubled HNA Group on Tuesday announced to the Shanghai Exchange that its shareholders have rejected a RMB 1.3 billion ($190 million) deal to sell a Beijing office tower to China Vanke, which the two companies had agreed to in… Read More>>
HNA Shopping $11B in Properties as Cash Crisis Continues
Troubled Chinese conglomerate HNA Group has put on the market property assets said to be worth up to $11 billion in its latest move to steady the ship, according to a Reuters account.
HNA has provided lists containing some 82… Read More>>
China Orient Predicts Surge in Bad Real Estate Loans and More Asia Real Estate Headlines
China’s turbulent financial markets lead today’s real estate news from around the region as one of the mainland’s four major “bad asset banks” predicts trouble for overstretched developers. Despite the turmoil further north, investors in Singapore are still showing enthusiasm… Read More>>
Blackstone Chief Presents Brand of the Year Award to HNA
Chinese conglomerate HNA has faced a barrage of bad news lately, as four of its mainland-listed companies halted trading and the once super-buyer has now turned high-interest borrower.
There was at least a ray of sunshine for the airlines to… Read More>>