China Fortune Land Development’s disclosure on Thursday that it had entrusted $313 million in late 2018 to a wealth management firm controlled by a convicted swindler adds another chapter to the drama of one of the mainland’s most troubled real… Read More>>
Tahoe Exec Linked to Gangster Buyer of Hong Kong Tower Detained in Shenzhen
A senior executive of Fuzhou-based property developer Tahoe Group is said to have been detained since last week for reasons suspected to be linked to the earlier arrest of the chairman of Shenzhen-based China Create Capital, according to local Chinese… Read More>>
Buyer of HK$9.95B Henderson Project in Hong Kong Arrested for ‘Mafia Practices’
China Create Capital Ltd burst into the headlines early last year when the little-known investment firm purchased a Hong Kong office building from Henderson Land for HK$9.95 billion ($1.27 billion).
Now the Shenzhen-based financial firm, which purchased the 22-storey office… Read More>>
China Taiping and Friends Buy HK Office Tower From Henderson for $1.3B
Henderson Land Development has signed an agreement to sell an office tower in Hong Kong’s North Point for HK$9.95 billion ($1.27 billion), to mainland-backed firm Fans Group Limited, according to media accounts. The reported deal would set a new record… Read More>>