Kaisa Group Holdings on Wednesday warned of a likely loss in the range of RMB 6 billion to RMB 7 billion ($820 million to $960 million) for the first half of the year, adding to the mainland builder’s sea of… Read More>>
Blackstone Said Targeting ESR-PIMCO India Sheds and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity giant Blackstone reportedly enters the highest bid for the ESR-Allianz platform of eight warehouses in India, Tokyo makes a belated splash in the ultra-luxury housing market, and Chinese developer Kaisa faces… Read More>>
Shenzhen’s Kaisa Loses $147M Nam Tai Lawsuit in Latest Legal Blow
The owners of China’s Nam Tai Property have scored a victory in their legal battle against Shenzhen-based builder Kaisa Group Holdings, with a Hong Kong arbitrator dismissing Kaisa’s $146.9 million claim against Nam Tai over a disputed private placement.
The… Read More>>
Mainland Watchdog Queries Wanda IPO Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, costly provisions in a Dalian Wanda unit’s IPO plan raise eyebrows at China’s securities regulator, and Kaisa Group becomes the latest mainland developer to warn of a massive loss in its forthcoming results.
Stock Plunge Greets Release of Kaisa’s Loss-Making 2021 Results as Trading Resumes
Mainland builder Kaisa Group Holdings posted a loss of RMB 13.3 billion (now $1.9 billion) in its long-delayed 2021 annual report released Thursday, sending shares tumbling when they resumed trade Friday morning after a suspension since last April.
The red… Read More>>
Cash-Strapped Kaisa Group Sued for $102M Over Unpaid Debt
A Hong Kong investment firm is suing mainland builder Kaisa Group Holdings to recover $102.3 million in unpaid principal and interest, in another blow to the severely indebted developer as China’s real estate crisis drags on.
Oasis Capital Management filed… Read More>>
Temasek-Backed STT GDC Eyes $1B IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s ST Telemedia Global Data Centres reportedly contemplates an initial public offering, Dalian Wanda’s services unit scores a big offshore loan, and Kaisa Group is taken to court in New York over missed… Read More>>
Bids for Singapore’s Golden Mile Tower Continue and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the collective sale of Singapore’s Golden Mile Tower enters the negotiation phase after its tender closes, and a Korean activist fund agrees to acquire Seoul-based Meritz Asset Management.
Golden Mile… Read More>>
Kaisa Said to Put Brakes on Restructuring Talks and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Reuters reports that defaulted developer Kaisa has delayed talks with creditors on restructuring offshore debt, and a Moody’s affiliate responds to reports of office closures in key Chinese cities.
Kaisa… Read More>>
Asia Real Estate People in the News 2022-10-17
In this week’s review of people moves, Ares Management continues to grow its team in the region, while Kaisa Group announces more leadership churn. There is also a top level departure from Singapore’s Marina Bay Sands and promotions at Phoenix… Read More>>
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