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times china wong wing nin

CFO of HK-Listed Developer Out After Lewd Taxi Encounter Goes Viral

2020/07/14 by Michael Cole Leave a Comment

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>>

Sunac Chairman Sun Hongbin

Kaisa Says Shenzhen Govt No Longer Blocking Project Sales

2015/04/09 by Michael Cole Leave a Comment

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>>

Hebei official's loot

Low Level Chinese Official Caught with RMB 120M Cash, 37 Kg of Gold and 68 Houses

2014/11/16 by Michael Cole 1 Comment

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>>

Chen Zhuolin court

Agile Announces Rights Issue and 2nd Disappearing Director on Same Day

2014/10/17 by Michael Cole Leave a Comment

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>>

CY Leung DTZ

Why CY Leung Felt Short-Changed by $6.5M Payout on DTZ Deal

2014/10/17 by Michael Cole Leave a Comment

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>>

CY Leung UGL DTZ

How CY Leung Legally Collected $6.5M Fee on DTZ Sale (Really)

2014/10/14 by Michael Cole Leave a Comment

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 Chen Zhuolin

Agile Property Boss Falls into Official Custody – Developer Cancels Rights Issue

2014/10/12 by Michael Cole Leave a Comment

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

Zhou Yongkang Felled for Corruption Amid Questionable Real Estate Deals

2014/07/30 by Michael Cole Leave a Comment

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>>

Wan Qingliang

Guangzhou Party Leader’s Fall Tied to Corrupt Real Estate Deals

2014/07/15 by Michael Cole Leave a Comment

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

2008/07/02 by Michael Cole Leave a Comment

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>>

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Jonathan Yap CapitaLand

Singapore property giant CapitaLand on Thursday announced the upcoming retirement of CapitaLand Development CEO Jason … Read More>>

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Senior changes at developers in Hong Kong and mainland China lead this week’s review of personnel changes in Asia, with … Read More>>

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The passing of a global architecture giant leads this week’s round of personnel updates on Mingtiandi, as KPF mourns the … Read More>>

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