Asia real estate and outbound investment news
In today’s roundup of regional news headlines, two of South Korea’s biggest institutional investors reveal plans to do business more responsibly, and Jiayuan Services becomes the latest Chinese property firm to cut ties with its auditor.
South… Read More>>
In today’s roundup of regional news headlines, China Evergrande struggles to win creditor support for a debt restructuring framework ahead of a self-imposed March deadline, and HSBC’s move towards open-plan desks irks Hong Kong bankers.
Evergrande Fails… Read More>>
PricewaterhouseCoopers has stepped down as auditor of China Evergrande’s books, citing the failure of the troubled developer to provide information related to its still-unreleased 2021 annual results.
The Big Four accounting firm said it was left in the dark when… Read More>>
Jingrui Holdings has made a series of disclosure to the Hong Kong exchange, struggling to explain the mysterious disappearance of over RMB 4.9 billion ($730 million) in claimed bank deposits that led to PricewaterhouseCoopers resigning as its auditor in May.
In today’s roundup of regional news headlines, Shanghai-backed Greenland Holding suffers a further downgrade to its credit rating, accounting bigfoot PwC plans to retire as auditor of Hong Kong-listed property manager Dowell Service, and China’s Seazen readies a rare offshore… Read More>>
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>>
In today’s roundup of regional news headlines, Singapore’s International Plaza is relaunched for collective sale at $2 billion, crypto exchange BitMEX says it’s laying off a quarter of its global workforce, and China Evergrande reportedly reaches an agreement with an… Read More>>
In today’s roundup of regional news headlines, accounting firm PwC is reportedly set to stop auditing private Chinese developers, Soho China incurs a fine for electricity gouging in its home patch of Beijing, and Dyson officially opens its global headquarters… Read More>>
Seizures of Evergrande projects lead our headline roundup again today as an FT report reveals that US-based debt investment specialist Oaktree has taken control of a second development from the troubled developer, following a story on a Hong Kong repo… Read More>>
China Oceanwide Holdings Ltd (715:Hong Kong) has suffered a fresh setback just a week after the troubled developer warned of a substantial drop in profits for 2018 with its auditor, PriceWaterhouseCoopers, having resigned on February 22.
The London-based accounting giant… Read More>>
