The chief financial officer of a Guangzhou-based developer who was caught enjoying a quickie in the back of a Hong Kong taxi was given a hasty exit from his role after a video of the former Goldman Sachs executive and… Read More>>
Kaisa Says Shenzhen Govt No Longer Blocking Project Sales
Scandal-rocked real estate developer Kaisa Group today announced that the Shenzhen government’s freeze on sales has been partially lifted at seven of the 11 projects that had previously been blocked by the authorities.
The ban on sales at Kaisa’s projects… Read More>>
Low Level Chinese Official Caught with RMB 120M Cash, 37 Kg of Gold and 68 Houses
Ma Chaoqun never amounted to much in the ranks of China’s government, but this mid-level manager who spent decades at a state-run water company in Hebei seems to have made the most of it, and then invested the most of… Read More>>
Agile Announces Rights Issue and 2nd Disappearing Director on Same Day
Troubled China real estate developer Agile Properties announced on Thursday that a previously planned rights offer is back on the table. The plan to raise HK$1.65 billion ($213 million) seems more challenging than ever, however, as the Hong Kong-listed property… Read More>>
Why CY Leung Felt Short-Changed by $6.5M Payout on DTZ Deal
Hong Kong Chief Executive CY Leung has been feeling the heat this week as details continue to emerge about his secret deal to receive $6.5 million as a “consultant” to Australia’s UGL on its 2011 acquisition of then-insolvent property agency… Read More>>
How CY Leung Legally Collected $6.5M Fee on DTZ Sale (Really)
Most observers agree that Hong Kong chief executive CY Leung did nothing illegal in extracting a $6.5 million payment for his part in the $124 million 2011 sale of DTZ to UGL.
However, as more details emerge about the timing… Read More>>
Agile Property Boss Falls into Official Custody – Developer Cancels Rights Issue
Struggling China real estate developer Agile Property took a serious tumble last week when it announced the cancellation of an upcoming rights issue and the detention of Chairman Chen Zhuolin by government authorities.
Mr Chen was said to be confined… Read More>>
Zhou Yongkang Felled for Corruption Amid Questionable Real Estate Deals
China’s Xi government took down the biggest trophy to date in its campaign against corruption, and the fall of former politburo member Zhou Yongkang can be attributed in part to a pattern of using political influence to win lucrative business… Read More>>
Guangzhou Party Leader’s Fall Tied to Corrupt Real Estate Deals
Late last month Guangzhou Party Secretary Wan Qingliang became one of the highest level Chinese officials to lose his job amidst the country’s current anti-corruption campaign, and China media sources are now alleging that a history of dirty real estate… Read More>>
Fitness Filchers
I have noticed a surge of hits on the site regarding Fitness First, at the same time that they have ceased communicating with me regarding the long overdue refund of membership dues that they owe.
In the spirit of community… Read More>>