Dalian Wanda Commercial Properties, the Hong Kong-listed commercial developer controlled by Wang Jianlin, halted share trading on Monday as part of a $4 billion plan to first privatize the giant mall builder, and then re-list it on a mainland bourse.
Dalian Wanda Commercial Properties this week halted trading in its shares after offering investors a guaranteed 12 percent return for backing a plan to buy back it’s Hong Kong-listed stock in preparation for re-listing the company on the mainland.
With… Read More>>
China’s Evergrande Real Estate increased its debt load by 90 percent last year to RMB 297 billion ($45.8 billion), and now the property developer is said to have a 6.2 percent chance of defaulting on its repayments in the next… Read More>>
China’s HNA Group continued to expand globally this month by closing on a ₤140 million acquisition of 17 Columbus Courtyard, a building on London’s Canary Wharf.
The purchase of the 195,443 square foot (18,157 square metre) grade A office block… Read More>>
The people of Wenzhou are known for being business trailblazers in China, and now the citizens of this eastern Chinese city are making headlines for being the first mainlanders to wrestle with the problem of expiring land-use rights.
With all… Read More>>
Li Ka-shing has spent much of the last few years selling off property assets on the mainland and Hong Kong, while simultaneously fending off accusations that he is pessimistic about the outlook for Greater China.
Now Li’s Cheung Kong Property… Read More>>
Hong Kong-based developer Shui On Land continued to part with once-prized assets this month by selling a project in Foshan, Guangdong province to mainland developer Country Garden for RMB 1.73 billion ($267 million).
Shui On, which once rebuilt the concept… Read More>>
UBS Asset Management’s Global Real Estate division has appointed Derek Lai as Senior Portfolio Manager, to be based in Hong Kong.
In his new role, Lai will be responsible for defining and implementing strategic initiatives in the region for an… Read More>>
Amidst a string of setbacks, scale-downs and sell-offs by Chinese firms in international real estate markets, Greenland Group’s U.S. joint venture is reportedly shopping a “very significant” equity stake in Pacific Park, its blockbuster Brooklyn development project.
Greenland Forest City… Read More>>
Yuexiu Property yesterday announced that it is selling a minority stake in a project in Guangzhou to a subsidiary of Ping An Real Estate for RMB 2.3 billion ($359 million).
The two government-linked mainland firms have entered into a preliminary… Read More>>