Unpaid debt leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a court has frozen assets belonging to a Chinese state-owned developer after it defaulted on RMB 1.7 billion ($240 million) in debt.
Britain’s biggest supermarket leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a conglomerate controlled by Thailand’s richest family has agreed to acquire Tesco’s Thai and Malaysian business for $10.6 billion.
In other… Read More>>
The Hainan government has moved to take direct control of HNA Group with the appointment of two state officials to leadership roles on the company’s board, according to announcements over the weekend by the financially troubled aviation and investment conglomerate.
Hong Kong’s biggest developer by value leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company’s hotels business took a pounding in the second half of last year, with the group’s chairman… Read More>>
The Hainan government is said to be planning to take over HNA Group and sell off its airline assets, as the indebted conglomerate’s ongoing struggles to meet its financial obligations reach a crisis point.
The provincial government has been forced… Read More>>
The former head of a major Chinese policy bank has been officially arrested for “suspected serious violations of discipline” according to official government statements late last week.
Hu Huaibang, who had served as chairman of China Development Bank… Read More>>
Investors in Singapore’s commercial property sector got a bit of bad news today as a monthly index showed office rental rates beginning to fall more quickly in the city centre. Also getting some ink today, China Evergranded added $2 billion… Read More>>
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>>