The fallout from a set of investigations into executives at state-run developers in China leads this week’s set of personnel updates on Mingtiandi, with the chairman of two Hong Kong-listed units of Xiamen C&D Group making a hasty exit. Also… Read More>>
Kaisa Reports Progress Repaying $18B in Debt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled developer Kaisa Group is making progress in restructuring some $18 billion in borrowings after defaulting on its offshore bonds, as Singapore-listed Keppel REIT posts a 1 percent year-on-year increase in distribution per… Read More>>
CapitaLand to Acquire Vietnam Mixed-Use Site and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, CapitaLand’s development arm agrees to acquire a mixed-use site in Ho Chi Minh City, China Vanke readies a Hong Kong IPO of its property management division, and reports emerge of Evergrande’s EV unit… Read More>>
CITIC Takes Over $9B in Kaisa Shenzhen Projects in Debt Restructuring
Kaisa Group, the second-largest US dollar bond issuer among Chinese property developers after China Evergrande, appears to have found its white knight.
State-run Chinese conglomerate CITIC, a main creditor of the cash-strapped developer, has taken over stakes in five Kaisa… Read More>>
Kaisa CEO’s Hong Kong Luxury Home Reportedly Sells at 15% Loss
A high-end Hong Kong home once owned by Kaisa Group boss Mai Fan has been sold by receivers for HK$300 million ($38.2 million), chalking up a 15 percent loss, according to local media accounts.
Mai, the vice chairman and chief… Read More>>
Asia Real Estate People in the News 2022-06-20
Top level executive changes at a pair of major mainland real estate companies lead this week’s round-up of personnel updates from around the region as the property management division of Kaisa Group reshuffles its board and Dalian Wanda realigns its… Read More>>
Kaisa Chairman’s Daughter Sells Half of Her Stake in Sing Tao News
The daughter of Kaisa Group chairman Kwok Ying-shing has agreed to sell half of her 28.4 percent shareholding in Hong Kong-listed publisher Sing Tao News, as the developer continues to pare back its holdings after defaulting on offshore debt late… Read More>>
Receivers Selling Kaisa Vice Chairman’s Villa for Reported $35M
A high-end home in Hong Kong’s Pok Fu Lam neighbourhood has been put on the market by receivers, with local media reports identifying its former owner as Mai Fan, vice-chairman and chief executive officer of Kaisa Group who had seen… Read More>>
PwC Quits as Auditor for R&F, Shimao and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, auditors at some of China’s heavyweight property firms call it quits with annual reports still in limbo, Yuanta Securities’ Korean headquarters in the Seoul CBD changes hands, and Embassy Office Parks REIT plans… Read More>>
BlackRock Trims Exposure to Chinese Developers and More Asia Real Estate Headlines
Following China’s tomb sweeping holiday which started the week, asset management giant BlackRock leads our headline roundup today with news of a cleanup in its mainland developer bond holdings, while Shenzhen-based builder Kaisa Group gets some relief thanks to an… Read More>>
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