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>>
Goldin’s HK$18.3B Kowloon HQ Put on the Market by Creditors
The drama around cash-strapped developer Goldin Financial Holdings reached a new high point today as a property agent began marketing the Hong Kong-listed company’s headquarters on behalf of unpaid creditors, according to a statement received by Mingtiandi.
Knight Frank announced… Read More>>
Goldin Confirms CK Asset Bailout, Sells Finance Business for HK$2B
Goldin Financial Holdings is continuing its efforts to pay off past-due debts as the Hong Kong-listed company announced on Friday that it had reached a deal to dispose of a financing business for just over HK$2 billion ($260 million).
In… Read More>>
Swire Properties Profit Falls 90% on Valuation Slide and More Asia Real Estate Headlines
Damage from the coronavirus pandemic continued to show up in the earnings of Asia’s top developers today as Hong Kong-listed Swire Properties reported a 90 percent drop in profit during the first six months of 2020.
Also… Read More>>
