Chinese shadow banking giant Zhongzhi Enterprise Group, which owes creditors over $64 billion and has been a top lender to the real estate industry, has filed for bankruptcy, with that story leading Mingtiandi’s headline roundup today. Also making the list,… Read More>>
A Singapore-listed trust of Indonesian malls leads today’s headline roundup as Fitch Ratings predicts a bond default in the coming months. Also making the cut is some tough bargaining over a distressed Korean builder and Hong Kong’s Henderson Land pushes… Read More>>
Vietnamese developer leads today’s collection of real estate headlines as the family behind Novaland sells down its controlling stake to keep the company afloat. Also in the news, China’s central bank replaces its second deputy governor this month and Korean… Read More>>
One of Singapore’s most troubled REITs leads today’s collection of real estate headlines from around Asia as investors swallow terms for a bailout of Manulife US REIT. Also in the news, Country Garden avoids its first domestic bond default and… Read More>>
Two of the three major credit ratings agencies have downgraded units of China’s Dalian Wanda Group after it asked holders of a $600 million bond to wait an extra year for repayment.
Fitch Ratings on Wednesday downgraded the key businesses… Read More>>
The ongoing redistribution of western investment in Asian markets leads today’s set of real estate headlines from around the region as one of America’s largest pension funds provides its latest portfolio update. Also making the list, Li Ka-shing’s CK Asset… Read More>>
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.
In today’s roundup of regional headlines, Singapore’s GIC completes its acquisition of a Hyderabad office complex, and Chinese state-owned builder Greenland readies its virtual asset trading platform in Hong Kong. Also in the news, Fitch plans to pull its rating… Read More>>
In today’s roundup of regional news headlines, Singapore’s GIC sells its half-stake in a Mumbai mall, and Fitch puts industrial giant GLP on a negative ratings watch. Also happening in India, Blackstone’s Nexus Select Trust IPO was oversubscribed on the… Read More>>
A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group Corporation, an Alibaba-backed home improvement mall chain, as government firms continue to bail out China’s flailing private real estate sector.
Shanghai-listed… Read More>>