A request from Jia Yueting’s Faraday Future asking an arbitrator to void its $2 billion investment agreement with a unit of Evergrande Health Industry Group was rejected late last week, keeping the unit of China’s largest property developer by sales… Read More>>
Evergrande Hopes to Pawn Hong Kong Office Tower in Return for $1.5B Loan
The mainland’s largest developer by sales in 2017, China Evergrande Group, is resorting to pawning its most valuable offshore asset in an effort to raise $1.5 billion to pay down its debt and make dividend payments, according to a Reuters… Read More>>
Xu Jiayin Ranks as China’s Richest Property Person for Second Straight Year
China Evergrande Real Estate chairman and CEO Xu Jiayin leads the ranks of the mainland’s wealthiest real estate people for the second year in a row with assets estimated at RMB 215 billion ($31 billion), according to the annual Hurun Report… Read More>>
Evergrande’s $2B Investment in Faraday May Have a Limited Future
After enjoying a four month honeymoon following China Evergrande’s June decision to invest $2 billion in his Faraday Future electric car startup, mercurial mainland entrepreneur Jia Yueting is ready to call it quits with his latest white knight.
Evergrande Health,… Read More>>
Evergrande’s Calxon Spends RMB 595M to Expand Movie Theatre Business
Just over two years after spending $554 million to acquire Shenzhen-listed China Calxon Group, the mainland’s second-largest developer by sales may have finally found a use for the company once thought to give Xu Jiayin’s real estate giant a back-door… Read More>>
Evergrande Invests $2.1B in World’s Biggest BMW Dealer
China’s second largest property developer, Evergrande, is buying a 41 percent stake in Guanghui Group, a Xinjiang-based company that owns the world’s biggest chain of BMW dealerships and operates 737 auto retail facilities nationwide.
According to a stock exchange disclosure… Read More>>
HNA to Sell Off $1.8B Stake in Deutsche Bank and More Asia Real Estate Headlines
Cross-border investments continue to lead the region’s real estate news as we head into the second week in September, with once-super buyer HNA seemingly on its way to a complete liquidation of its overseas holdings, starting with $1.8 billion in… Read More>>
Evergrande Vows to Put Profit Above Scale After Building China’s Largest Land Bank
China’s Evergrande Group, the country’s second largest property developer by sales in 2017, said it would shift its development model from pursuing top line growth, to achieving efficiency and quality after it announced a record jump in profit in its… Read More>>
Sunac Focuses on Core Business After LeShi Debacle and More Asia Real Estate Headlines
Developer half-year financial results continue to dominate the headlines today, as both Sunac China and Hong Kong’s Sino Land report in with big jumps in profit driven by strong sales in the first six months of 2018. Down in Singapore… Read More>>
Evergrande Proposes $2.14B Dividend and More Asia Real Estate Headlines
China and India lead the region’s real estate news today as the mainland’s second-largest builder by sales proposes to share $2.14 billion in profits with its shareholders and one of India’s heavyweights prepares to share its winnings with its major… Read More>>
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