A top level change at Hong Kong developer Chinachem leads Mingtiandi’s roundup of personnel moves this week as the privately held builder announces the departure of its managing director of real estate. Also witnessing director departures this week are Hong… Read More>>
China Aoyuan to Default on $1.1B in Offshore Debt Ahead of Restructuring
China Aoyuan Group has become the latest mainland developer to default on its financial obligations, announcing Wednesday that it would not make payments on $1.09 billion in offshore notes scheduled to mature in the next three years, including two sets… Read More>>
Citibank, Hong Kong’s Nine Masts Capital Sue China Aoyuan to Collect $131M Debt
A Hong Kong hedge fund led by a professional poker player sees China Aoyuan Group as a busted flush, and Nine Masts Capital has joined Citibank in taking legal action to recoup more than $131 million owed to them by… Read More>>
Evergrande, Kaisa, Aoyuan Facing Default Scenarios
Kaisa Group Holdings and China Aoyuan Group joined China Evergrande Group on center stage in China’s defaulting developer drama late this past week as all three Hong Kong-listed builders cautioned that default scenarios loomed.
“In light of the current liquidity… Read More>>
Aoyuan Sells Project in Hong Kong’s Mid-Levels at a Loss Amid Cash Flow Crisis
Cash-strapped mainland developer China Aoyuan Property Group this month agreed to sell off a redevelopment project in Hong Kong’s Mid-Levels to raise cash, and is expecting to recognise an estimated loss of HK$176.6 million on the disposal, according to an… Read More>>
Evergrande to Sell $1.5B Stake in Shengjing Bank and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled China Evergrande announces plans to sell a large stake it holds in a mainland bank, developer China Aoyuan’s chairman teams with his Henderson Land counterpart to buy Aoyuan shares, and Hong Kong… Read More>>
Asia Real Estate People in the News 2021-05-10
Board moves at a pair of Singapore-listed giants lead this week’s roundup of personnel moves on Mingtiandi, as CapitaLand and the manager of Keppel REIT both name new independent, non-executive directors. There are also senior leadership changes at data centre… Read More>>
Asia Real Estate People in the News 2021-02-01
As we head into February, major developers, fund managers and service providers continue to add to their teams around Asia Pacific. This week seeks Guangzhou-based China Aoyuan Group bring its chief financial officer onto its board, while Shanghai’s Shui On… Read More>>
Asia Real Estate People in the News 2020-07-20
Top level moves at developers in mainland China and Singapore lead this week’s collection of real estate people moves from around Asia Pacific as Guocoland’s CFO abruptly departs the company and Guangzhou’s Aoyuan Group puts in place a management team… Read More>>
Wing Tai Awarded Singapore Site for S$492M and More Asia Real Estate Headlines
With mainland China and Hong Kong taking a break to honour the dear departed on Friday, stories from Singapore and Australia push their way to the top of Asia’s real estate news. In the Lion City, the government has chosen… Read More>>
