China’s HNA Group has disposed of another of its property assets, according to mainland news reports, with one of the country’s top bad asset banks said to have taken over a Shanghai office building developed by the financially troubled conglomerate.
Asia’s real estate world stayed hard at work over the Christmas holiday generating new deals in India, while Santa – with some help from China’s state-owned banks — seems to have brought Elon Musk a $1.4 billion present.
Also in… Read More>>
HNA Group has sold its last asset in the UK to Hong Kong-based investment firm Sun Hung Kai & Co and Australia’s Macquarie Group for £100 million ($129 million), with the troubled mainland conglomerate completing its business Brexit while UK… Read More>>
China’s HNA Group continued to sell off its overseas portfolio this month as a subsidiary of the company announced that it was selling a set of golf courses in the US which it had purchased in 2016 amid a record-breaking… Read More>>
HNA Group is transferring ownership of its interest in a $3.6 billion New York trophy project as liquidity problems continue to challenge one of China’s most debt-laden conglomerates.
Under the terms of the deal set out in a filing to… Read More>>
In this week’s edition of Mingtiandi’s People in the News, family fortunes are the theme as a cash-strapped Hainan conglomerate names the chairman’s son as group president, and a Singapore-based developer promotes another young prince to deputy CEO.
In other… Read More>>
A Shanghai-based apartment rental platform leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company has raised $300 million from investors including a private equity firm founded by the soon-to-be-retiring… Read More>>
The woes of a financially troubled conglomerate lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the Hainan-based group is shedding cash at a much faster rate than it is relieving its debt… Read More>>
A backfiring conglomerate leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the debt-laden company that had golf courses seized four months ago is said to have received help to repay a $300… Read More>>
HNA Group is putting up for sale a pair of hotels, one each in Shanghai and in Hainan province, as the financially-troubled mainland fights to stay solvent.
The two hospitality properties, both of which are fully completed and operational, could… Read More>>