Mainland tycoon Chen Hongtian has received demands from a pair of banks to repay more than HK$1.6 billion ($200 million) in overdue loans and interest charges, according to a media account, as liquidators continue to market global properties linked to… Read More>>
Receivers Sell London Office Tower Seized From China’s Cheung Kei for 60% Off
An office block on London’s Canary Wharf which was once a trophy for the chairman of China’s Cheung Kei Group is being sold by receivers for £110 million ($134 million) — 60 percent less than what the mainland investor paid… Read More>>
Receivers Marketing London Office Tower Seized From Mainland Tycoon
Savills has kicked off a sales campaign for 5 Churchill Place in London, attempting to find a buyer for the Canary Wharf office tower seized from mainland tycoon Chen Hongtian, who had earlier defaulted on loans backed by the onetime… Read More>>
Cheung Kei Tycoon’s Seized Mid-Levels Apartment Said to Sell for $53.5M
A Hong Kong luxury apartment seized from Shenzhen tycoon Chen Hongtian in March has sold for HK$420 million ($53.5 million), according to local media accounts, with the price paid for the Mid-Levels home reportedly representing a 38 percent discount to… Read More>>
Receivers Launch Tender for Shenzhen Billionaire’s $269M Pad on Hong Kong’s Peak
A Shenzhen tycoon’s trophy case may soon be stripped bare as receivers for the creditors of Cheung Kei Group chairman Chen Hongtian on Monday launched a tender for his former mansion on Hong Kong’s Victoria Peak.
Savills formally kicked off… Read More>>
Receivers Take Over Second Cheung Kei London Property as Asset Seizures Mount
Receivers have seized a second property in London’s Canary Wharf from troubled conglomerate Cheung Kei Group, adding to a recent string of asset forfeitures that include a pair of Hong Kong homes formerly owned by Cheung Kei boss Chen Hongtian.
China’s Cheung Kei Talks Up Investment Plan for Seized London Office Building
Cheung Kei Group said this week that it is negotiating with investors for the sale of a partial stake in 5 Churchill Place in London, in a statement released just days after it was revealed that the Canary Wharf office… Read More>>
Lenders Seize Cheung Kei’s 5 Churchill Place in London After Default
Receivers appointed by creditors of Cheung Kei Group have wrested control of the former Bear Stearns headquarters on London’s Canary Wharf from the company, making it the latest asset to be seized from the troubled mainland conglomerate headed by tycoon… Read More>>
Cheung Kei Tycoon’s Seized Mid-Levels Apartment Up for Tender Sale
A luxury apartment in Hong Kong’s Mid-Levels area is up for sale after it was seized from Shenzhen tycoon Chen Hongtian in March.
The fifth-floor luxury unit at Opus Hong Kong on Stubbs Road is being sold by receivers via… Read More>>
Creditors Marketing Mainland Developer’s $890M Hong Kong HQ After Default
A Hong Kong commercial building seized from China’s Cheung Kei Group in March has been put up for sale by the company’s creditors, adding to the list of distressed trophy assets being marketed in the city.
Savills is the sole… Read More>>