Director resignations at a pair of mainland China real estate companies lead this week’s list of personnel moves from around the region, as developers continue to reel from that country’s property crisis. Also in the news is Barings naming new… Read More>>
Asia Real Estate People in the News 2023-09-04
A board change at Singapore’s ESR-Logos REIT leads this week’s set of personnel moves from Asia’s property industry, with a major Indian commercial developer also naming new leadership. Other additions to the list come from defaulting developer Ronshine China and… Read More>>
Ronshine China Defaults on $316M Offshore Bond and More Asia Real Estate Headlines
In today’s roundup of regional real estate headlines, a Fuzhou-based builder has defaulted on its latest set of offshore bonds and Dalian Wanda digs in for a fight after a court froze shares in the group’s property management unit. Also… Read More>>
Ronshine China Holdings Defaults on $420M Offshore Bond
Mainland developer Ronshine China Holdings has defaulted on a $420 million offshore bond, offering a fresh sign that the debt crisis in Asia’s biggest real estate market is far from over.
The Singapore-listed notes, issued in July 2019, carry a… Read More>>
Asia Real Estate People in the News 2022-12-12
One of Japan’s largest developers has chosen a new top executive and news of that changeover leads this week’s roundup of personnel moves from around the region, while the manager of a Singapore REIT of mainland assets announces that its… Read More>>
Ronshine China Holdings Defaults on $700M Offshore Bond
Mainland developer Ronshine China Holdings has defaulted on its third set of offshore bonds in a little over three months after failing to pay off a $700 million note that matured this week.
The Singapore-listed bonds carry a coupon rate… Read More>>
Asia Real Estate People in the News 2022-08-22
New appointments at a pair of Singapore-listed industrial REITs lead Mingtiandi’s roundup of personnel moves this week with Mapletree Industrial Trust naming a new independent, non-executive director and ESR-Logos REIT annointing a new chief financial officer. There are also new… Read More>>
Ronshine China Holdings Defaults on $726M in Offshore Bonds
Ronshine China Holdings has failed to make interest payments totalling $27.9 million on two sets of offshore bonds with a combined outstanding principal of $726 million, putting the mainland developer at risk of accelerated redemption.
Ronshine missed a 9 June… Read More>>
Chinese Estates Reports $447M Loss for 2021 and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Joseph Lau’s Chinese Estates suffers a full-year loss tied to its Evergrande investments, a Singapore condo complex goes back on the market following Hong Kong developer Shun Tak’s exit from the deal, and… Read More>>
Zhenro Asks Bond Creditors Not to Sue as Developer Crisis Continues
Zhenro Properties, a top 30 Chinese developer by contracted sales, jolted investors late last week with the news that it was asking holders of a $200 million bond due in March to refrain from default claims as the company deals… Read More>>