China Evergrande has sold off its remaining stakes in four real estate projects to state-controlled companies, allowing the world’s most indebted developer to recover RMB 1.95 billion ($310 million) of its capital contribution and settle liabilities in excess of RMB… Read More>>
Fosun Preparing to Sell $6B in Assets and More Asia Real Estate Headlines
One of China’s biggest cross-border investors says it may try some divestment, although Guo Guangchang’s Fosun isn’t yet saying what assets it might put on the block. Also in the news today, Vancouver is already feeling the impact of a… Read More>>