A mysterious businessman who has been said to be in the process of buying the Goldin Financial Global Centre (GFGC) since late 2020 filed suit this week in an attempt to block the sale of the Kowloon East trophy tower… Read More>>
CK Asset Drops Suit Against Goldin Chairman and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, Hong Kong property giant CK Asset drops its lawsuit against Goldin chairman Pan Sutong, WeWork says it will launch its biggest Singapore space within a year, and China’s statistics bureau reports that… Read More>>
Asia Real Estate People in the News 2021-03-08
The start of March has brought a burst of people moves around the region, with a pair of Hong Kong-listed real estate developers reshuffling their boards to reflect new business alliances. This month also sees a veteran project manager return… Read More>>
Apparel Giant Abandons HK Offices and More Asia Real Estate Headlines
Hong Kong’s supply of bad news continues to grow even faster than its empty office space, as a major apparel supplier announced this week that it will shift its operations to Shanghai and Singapore.
Also in today’s… Read More>>
KKR Leads $1B Buy of Walmart’s Japan Grocery Business and More Asia Real Estate Headlines
Today’s roundup of regional news headlines features Walmart unloading its majority stake in a Japanese supermarket chain, embattled Goldin Financial scrapping a previously announced share placement, and resort operator Genting Singapore swinging to a net profit in the third quarter… Read More>>
Goldin Receivers Reassert Control of Kowloon East Trophy Tower
Receivers controlling the Goldin Financial Global Centre (GFGC) in Hong Kong on Monday struck back at a Friday statement by Goldin Financial Holdings suggesting that it would continue to market the 28-storey tower.
Corporate restructuring firm Borrelli Walsh, which is… Read More>>
Hong Kong Court Paves Way for Sale of Goldin’s Kowloon East HQ
Mainland tycoon Pan Sutong has lost his battle for control of his Kowloon East headquarters, as Hong Kong’s High Court today ruled in favour of creditors which had seized the property in July.
The court confirmed that Smart Edge Ltd,… Read More>>
Goldin Names Purported Buyer of Kowloon HQ as Bankruptcy Looms
Goldin Financial Holdings released a flurry of announcements late Friday, including the terms of a provisional agreement for a record-breaking sale of its Kowloon East headquarters, as the Hong Kong-listed firm faces end of the month court rulings that could… Read More>>
Goldin Stalls Winding Up Petition as CK Asset Director Departs
While not every developer can own Hongkong Land’s blue-chip portfolio or boast of China Evergrande’s ability to defy financial gravity, Goldin Financial Holdings has gained distinction in its own right this year by becoming perhaps the region’s most unpredictable real… Read More>>
Goldin Claims HK$14B Sale of Kowloon East HQ Held by Receivers
While much of Hong Kong rushed to clear their desks before the 1 October holiday, Goldin Financial Holdings boss Pan Sutong was busier than most, as the cash-strapped mainland tycoon announced on 30 September that his company had sold its… Read More>>
