Evergrande Real Estate, one of China’s largest developers – and its most indebted – shocked the market today by announcing that it was acquiring seven mainland projects from Hong Kong’s New World Group for a total of RMB 20.4 billion… Read More>>
New World China Privatisation Trips and Fails Over Cayman Law
New World Development’s plans to take its China subsidiary private failed this week when shareholders representing less than two-tenths of a percent of the company’s stock foiled the efforts of the company’s billionaire owner.
Although jewellry magnate Cheng Yu Tung’s… Read More>>
HK Group Invests $1.9B in Dubai and Bets on 12 China Senior Homes
A little-known Hong Kong company has agreed to invest US$1.9 billion to turn around a stalled Dubai property project, and sell off pieces of it to Chinese investors.
At the same time, the Dubai-based firm that lacked the funds to… Read More>>
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