Alibaba Group has closed on its acquisition of a RMB 4.68 billion ($744 million) stake in Wanda Film to become the film company’s second largest shareholder, following through on an agreement signed in early February. The move came just days… Read More>>
Fosun Bags US Deal with $65M Stake in Brookdale Senior Living
Fosun International has acquired a 5.11 percent stake worth $65 million in US senior housing operator Brookdale Senior Living, according to a filing with the US Securities and Exchange Commission. Through the investment, the Shanghai-based conglomerate replaces Blackrock as the… Read More>>
HNA Sells $1.1B in Mainland Real Estate to R&F, Sunac
After disposing of $5.5 billion of overseas real estate and hotel company stakes since the start of 2018, cash-starved HNA Group has now sold eight properties in mainland China worth $1.1 billion so far this month, according to data from… Read More>>
CIC Aims To Boost Real Estate, Alternatives to 45% of Overseas Portfolio
China Investment Corporation (CIC) is eyeing more exposure to real estate, as the $930 billion sovereign wealth fund plans to hike alternative and direct investments to 45 percent or more of its overseas portfolio within three years, from 38 percent… Read More>>
CEFC Chief Invested Billions in Real Estate – Now Said Detained
CEFC China Energy emerged from obscurity to buy up a horde of overseas assets from energy firms to European real estate. Now the ambitious but secretive mainland conglomerate is in trouble.
The head of CEFC has reportedly been detained for… Read More>>
CIC Exits 11-Year Blackstone Investment After Learning to Love Alternative Assets
Sovereign wealth fund China Investment Corporation (CIC) has exited its investment in Blackstone 11 years after taking a stake in the US alternative investment giant. During that stretch, the guardian of China’s foreign exchange reserves and the world’s biggest landlord… Read More>>
China Construction Bank Backs RMB 2B Rental Housing Fund
China Construction Bank, one of the mainland’s big four lenders, is teaming with rental housing management firm China Young Professionals Apartment Management Ltd (CYPA) to set up a new RMB 2 billion ($315 million) fund aimed at securing and developing… Read More>>
Sunac Buys Out Pair of HNA Hainan Projects for $300M as Fire Sale Rages
Chinese tycoon Sun Hongbin, who bailed out Wanda Group last year, is coming to the aid of a struggling mainland developer again. HNA Infrastructure Investment Group, a listed subsidiary of embattled HNA Group, said in two separate filings to the… Read More>>
Indebted HNA Teams Up with JLL Amid Restructuring Drive
Global real estate consultancy JLL is teaming up with HNA Group to advise the conglomerate on “sound investments,” as the indebted Chinese firm looks to sell up to $6 billion in overseas real estate assets.
The strategic partnership – announced… Read More>>
HNA Group Restructures Hotel Businesses, Plans Sale of Stake in 2nd Hilton Spin-Off
Hainan Airlines, the flagship carrier of HNA Group, will take over the group’s hotel business as part of an asset restructuring by the troubled Chinese conglomerate. Hainan Airlines announced in a filing to the Shanghai Stock Exchange that it would… Read More>>