Asia real estate and outbound investment news
SRE Group has agreed to sell its entire 51 percent interest in a Shanghai residential and commercial project for RMB 3.41 billion ($470 million) after putting the ownership stake up for bid nearly four years ago.
The transaction will put… Read More>>
SRE Group is seeking a buyer for its 51 percent stake in a mixed-use project in Shanghai, as the unit of China Minsheng Investment Group tries to stem escalating losses in the wake of an embezzlement scandal that saw its… Read More>>
Developer SRE Group Ltd informed the Hong Kong stock exchange today that its chairman, Peng Xinkuang was temporarily unable to perform his duties after having been detained by police in mainland China.
The real estate development subsidiary of financially troubled… Read More>>
Hong Kong-listed Yida China announced on 22 April that a financial crisis at its parent company had left it facing a default on loans with an outstanding principal of RMB 8.75 billion ($1.3 billion), with the developer saying it has yet… Read More>>
China Minsheng Investment Group (CMIG) has sold its 50 percent stake in a mixed-use project in Shanghai’s South Bund area to Greenland Group for RMB 12 billion ($1.77 billion), disposing of the high-profile site at an apparent loss as it… Read More>>
China Minsheng Investment Group (CMIG), the country’s largest privately owned investment group, on Monday appointed Charoen Pokphand Group vice chairman Yang Xiaoping as its new co-chairman, after corruption investigations into its previous directors left a leadership gap that may have… Read More>>
Our new year starts out with signs of struggle for a private equity unit of one of China’s biggest finance groups, as media reports emerge that China Minsheng Investment Group, the parent firm of Hong Kong-listed developer SRE Group, has… Read More>>
China Minsheng Investment Group’s Hong Kong-listed real estate arm SRE Group has offloaded a half-stake in a pair of London properties for a total of £29.5 million ($40 million), six months after the company’s chairman stepped down following reports of… Read More>>
The chairman of a Hong Kong-listed developer controlled by China’s largest privately owned investment group abruptly stepped down this week, on the same day that the executive’s former employer revealed that it had been raided by Hong Kong’s anti-graft body.
During this week of killer Shanghai heat and disappearing Hong Kong typhoons many of Asia’s real estate professionals are finding shelter in new offices, including a valuation professional landing a new home with one of China’s fastest-growing private equity groups… Read More>>
