Singapore’s high-profile money-laundering case leads today’s headline roundup as OCBC seeks to recoup losses from foreign nationals who bought homes in the city-state. Also on the list, Indonesia’s Sinar Mar enlists Korean investors in a Jakarta data centre project and… Read More>>
Asia Real Estate People in the News 2024-08-10
A disappearing mainland executive leads this week’s roundup of personnel moves around Asia’s real estate industry, as Harvest Fund Management says its chairman has been caught up in an investigation. Also making the list is a retirement at a Hong… Read More>>
CPPIB, CDPQ Set to Join Blackstone in $9.6B AirTrunk Tender and More Asia Real Estate Headlines
Canadian pension funds lead Mingtiandi’s headline roundup today, with CPPIB and CDPQ said to be joining forces with Blackstone in its pursuit of Aussie data centre operator AirTrunk. Also in the news, China’s GDS Holdings seeks as much as $1… Read More>>
Hong Kong’s Hang Lung Sees Profit Fall 56% and More Asia Real Estate Headlines
Hong Kong’s Hang Lung Properties leads Mingtiandi’s headline roundup today as the developer reports a 56 percent slump in net profit. Also making the news, Singapore’s Keppel REIT posts a 3.4 percent drop in distribution per unit and state-owned Temasek… Read More>>
Regulator Rejects Evergrande Founder’s Appeal as EV Arm Risks Land Confiscation
A top mainland regulator dismissed statements of defence provided by China Evergrande’s founder and former chairman, Xu Jiayin, and other executives penalised for their role in financial fraud and disclosure lapses at the bankrupt developer.
In a document dated 21… Read More>>
Evergrande Liquidators in Talks With Potential Buyer of Electric Car Unit
Liquidators for China Evergrande have lined up a prospective buyer for the bankrupt developer’s majority stake in its struggling electric car division.
The liquidators entered a non-binding agreement to sell China Evergrande’s 58.5 percent equity interest in Hong Kong-listed Evergrande… Read More>>
Evergrande NEV Director Arrested for ‘Illegal Crimes’ After Share Deal Collapse
The spectre of “illegal crimes” haunts China Evergrande once again, with authorities reportedly detaining an executive director of the troubled developer’s electric car unit.
Evergrande New Energy Vehicle “has learned that its executive director Mr Liu Yongzhuo has been detained… Read More>>
Evergrande’s Main Onshore Unit Discloses $44B in Unpaid Debts as EV Share Deal Fails
The primary mainland unit of China Evergrande has reported more than RMB 316 billion ($44.3 billion) in unpaid due debts, as 2023 drew to a close without completion of a restructuring deal for the world’s most leveraged developer.
The unit,… Read More>>
Investor in Evergrande EV Unit Freezes Payments and More Asia Real Estate Headlines
A fresh setback in China Evergrande Group’s quest for solvency leads today’s list of real estate headlines from around Asia as a would-be investor in the company’s car unit freezes payments. Also in the news, Country Garden faces another bond… Read More>>
Evergrande Sells $500M Stake in Electric Car Unit to Little-Known Startup
China Evergrande Group has struck a deal to sell a 27.5 percent stake in China Evergrande New Energy Vehicle to a little-known, Chinese-controlled car maker based in the United Arab Emirates for $500 million, as the electric car unit of… Read More>>
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