In today’s roundup of regional news headlines, conflict brews between China Evergrande and its bondholders over the terms of the group’s debt restructuring, Chinese developers’ shares jump on prospects of eased funding restrictions, and scandal-plagued Luckin Coffee plots a return… Read More>>
Beike Lashes Out After Muddy Waters Says Revenues Overstated Up to 96%
Softbank- and Tencent-backed housing broker Beike has lashed out against accusations of “systemic fraud” levelled by Muddy Waters Research, a US investment firm famous for exposing fraud at since-bankrupt Chinese firms Luckin Coffee, Sino-Forest and NQ Mobile while shorting their… Read More>>
Chinese Estates’ Lau Sells Kaisa Bonds at $174M Loss and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the family of billionaire Joseph Lau cuts its losses with the liquidation of its position in bonds issued by developer Kaisa Group, which is reportedly seeking buyers for Kaisa Prosperity Holdings, the group’s… Read More>>
Hines Buys Melbourne Commercial Project for $152M and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, another Chinese developer has sold off an Australian project, with US builder Hines picking up the planned commercial development at 600 Collins Street in Melbourne for A$200 million ($152 million).
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Hong Kong Home Sales Hit 13-Month High in June and More Asia Real Estate Headlines
Lower home prices in Hong Kong seem to have rekindled buyer demand as figures showing a 92 percent increase in housing sales lead today’s collection of real estate headlines from around the region.
Despite the rebound in… Read More>>
Luckin Coffee Set to Delist From NASDAQ and More Asia Real Estate Headlines
Yet another too good to be true online-to-offline venture took its latest step into oblivion this past week as Luckin Coffee decided not to resist its delisting from the NASDAQ exchange with the latest instalment in that tale leading Mingtiandi’s… Read More>>
Luckin Coffee Boss Said Facing Charges Over RMB 2.2B Sales Scam
Luckin Coffee chairman Charles Zhengyao Lu’s multi-billion dollar business empire is curdling like a week-old latte, as the founder of three listed companies is said to be in line for criminal charges over his role in a RMB 2.2 billion… Read More>>
Hong Kong April Retail Sales Plunge 36% and More Asia Real Estate Headlines
Plunging retail sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today as shoppers continue to stay away from the high streets in one Asia retail hub, triggering a 36 percent drop in purchases.
In other news… Read More>>
New HK Housing Rules Fuel Suspect Deals and More Asia Real Estate Headlines
Dubious sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today with some strange trends in Hong Kong home sale prices leading some analysts to suspect fraudulent transactions being recorded to take advantage of new housing policies… Read More>>
Luckin Coffee Fires CEO, COO After RMB 2.2B in Sales Said Faked
Luckin Coffee has sacked its chief executive and chief operating officers after internal investigations by the company brought to light further evidence of wrongdoing related to an accounting fraud scandal exposed by short seller Muddy Waters Research in January.
The… Read More>>