HNA’s sales of European and US assets have been grabbing headlines internationally, but the indebted Chinese conglomerate is also selling assets closer to home, including this week selling the site of its former corporate headquarters, according to accounts in the… Read More>>
HNA Said Selling $46M Wuhan Logistics Park to Hopu, Haikou Supertall to Poly
China’s embattled HNA Group is continuing its series of asset disposals with its sale of an 80 percent stake in an uncompleted Wuhan logistics project to an affiliate of superinvestor Fang Fenglei’s Hopu Capital for RMB 312 million ($45.8 million),… Read More>>
HNA Sells Rights to Haikou Project to Guangzhou R&F for RMB 5.7B
Guangzhou R&F Properties, the white knight which bought out 70 Dalian Wanda hotels when Wang Jianlin’s commercial developer hit the wall financially, is now officially the partner of another embattled Chinese conglomerate. The Guangdong-based developer announced on Friday that it… Read More>>
HNA Sells $1.1B in Mainland Real Estate to R&F, Sunac
After disposing of $5.5 billion of overseas real estate and hotel company stakes since the start of 2018, cash-starved HNA Group has now sold eight properties in mainland China worth $1.1 billion so far this month, according to data from… Read More>>
Evergrande’s Stock Staggers 7% After Developer Buys $2.1B in Projects
Evergrande Real Estate saw its stock hammered for the second time in one month after the Guangzhou-based developer bought four residential projects in China’s second-tier cities last week for $2.1 billion.
Shares in Evergrande slid nearly seven percent on the… Read More>>
Watch Shanghai Grow to 23M People in 30 Seconds
With more than 23 million people, Shanghai is the world’s biggest city, and those of us who have been here for a bit know that it has grown quickly in recent years. Now you can watch the city’s growth from… Read More>>