China Evergrande Group said on Wednesday that it is facing a probe by China’s securities watchdog on alleged violations of rules regarding disclosure of financial information, with the embattled property developer later that day saying it will delay a scheduled… Read More>>
Country Garden Shares Hit All-Time Low After Developer Halts Onshore Bond Trading
Country Garden Real Estate Group has shown signs of deeper financial challenges as the company halted trading of 11 onshore bonds beginning Monday, prompting investors to drive its shares to their lowest level since the company’s 2007 IPO.
Ranked as… Read More>>
Bain Buying Back Data Centre Operator Chindata with Sweetened $3.2B Deal
Chindata Group Holdings announced Friday that it is set to go private after the company’s board agreed to a sweetened $3.16 billion from Bain Capital, ending a bidding war between the US private equity titan and state-backed China Merchants Capital.
China’s Country Garden Warns of $7.7B Loss as Sales Slide
Country Garden Holdings, China’s largest developer by sales in 2022, warned late Thursday that it expects to report a loss of RMB 45 billion to RMB 55 billion ($6.26 billion to $7.65 billion) for the first six months of the… Read More>>
Wanda Vice President Detained by Police Over Reported Corruption
China’s Dalian Wanda Group is facing a new challenge this week as a senior vice president with the country’s largest commercial developer has been taken away by police in what is said to be a corruption case.
Sources at Wanda… Read More>>
China’s Central Bank Meets with Private Real Estate Giants to Assure on Policy Support
With the country’s largest developers fighting to stave off a fresh round of defaults, China’s central bank chief huddled with representatives from several private builders late last week to assure them that help is on the way.
In a meeting… Read More>>
GLP Capital Partners Hits $360M Final Closing for 8th China Income Fund
GLP Capital Partners has reached the final closing of the eighth edition of its China onshore income fund series, amassing equity commitments of RMB 2.6 billion ($360 million).
The capital for the long-term vehicle was raised from a group of… Read More>>
Shimao Clinches Deal to Restructure Sheraton Hong Kong Hotel Loans
Shimao Group on Monday announced a “definitive agreement” with lenders to restructure the existing project loan facilities of the troubled developer’s Sheraton & Four Points by Sheraton Tung Chung Hotel in Hong Kong.
Clinched last month, the loan restructuring deal… Read More>>
Frasers, Vlinker, Forest and JLL See China Economy Favouring Beds and Sheds
China’s maturing economy is providing new opportunities for investors in rental apartments and logistics properties as a more… Read More>>
Mainland Regulators Query Wanda Group Over Hong Kong IPO Application
Chinese regulators have asked Dalian Wanda Commercial Management to provide additional details on its application for a Hong Kong initial public offering, fuelling worries over the ability of the country’s largest commercial developer to meet its listing deadline this year.
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