Asia’s roiling markets may have capsized an IPO expected to be among the biggest this year as reports emerge that PAG is backing away from its plan for a public listing. Also in the news, China Huarong Asset Management warns… Read More>>
SC Capital Raising $550M Japan Hotel Fund and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, SC Capital announces a new fund targeting distressed Japanese hotels, a report quantifies Singapore’s property buying spree in Australia, and China’s Huarong Asset Management avoids collapse by securing a state-led buyout.
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Asia Real Estate People in the News 2021-03-08
The start of March has brought a burst of people moves around the region, with a pair of Hong Kong-listed real estate developers reshuffling their boards to reflect new business alliances. This month also sees a veteran project manager return… Read More>>
Data Centre Player Global Switch Fishes for Buyers and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a UK data centre operator’s Chinese owners consider selling out, a Korean sovereign wealth fund shakes up its leadership, and Hong Kong’s “Shop King” is sued over an unpaid debt.
Casino Developer Landing Intl Sinks 45% on HK Exchange After Chairman Detained
Landing International Development, a Hong Kong-listed casino builder, reported to the Hong Kong Stock Exchange on Thursday that the company is unable to contact its 47-year-old chairman Yang Zhihui, who controls 50.48 percent of the company.
According to a report… Read More>>
Moody’s Sees Further Fallout After Mainland Developer Slips into RMB 1B Default
Credit ratings agency Moody’s Investors Service this week has downgraded its outlook for Hong Kong-listed developer Wuzhou International Holdings Limited as it predicted that the Jiangsu-based industrial specialist would default on $300 million in offshore bonds.
The downgrade comes after… Read More>>
Gaw, Sino-Ocean and Huarong Partner to Buy Chicago’s Soho House for $95M
A room for a night at Soho House Chicago will set you back about $365. Membership in the posh private club at the same address will cost you at least $2,100 per year. Or you can buy the whole building… Read More>>
Kaisa Could Return to International Bond Market and More Asia Real Estate Headlines
One of the best-known names in Asian financial markets may be returning to the region’s bond trade as Kaisa Group hopes that the newfound appetite for Chinese developer debt may make investors overlook its 2015 default and 2016 restructuring. Also… Read More>>
Wang Jianlin Fends Off Jack Ma to Remain China’s Richest Man and More Asia Real Estate Headlines
Leading the news today, Wanda boss Wang Jianlin has kept his title as China’s richest man, according to at least one survey. Elsewhere the headlines are dominated by efforts to control, exploit or otherwise have fun with the flow of… Read More>>