Just three days after announcing a plan to dispose of 40 real estate projects in China, Future Land confirmed in a filing to the Hong Kong Stock Exchange on July 24 that it has executed equity and debt transfer agreements… Read More>>
Developer Future Land Confirms Move to Sell 40 Mainland Projects After Chairman Jailed
Just three weeks after its now former chairman was detained on charges of molesting a nine-year-old girl, Future Land Holdings has confirmed in a voluntary announcement to the Hong Kong Stock Exchange today that it plans to dispose of more… Read More>>
Property Mogul Charged with Molestation and More Asia Real Estate Headlines
The disgraced former chairman of a Hong Kong-listed developer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the property mogul has been formally charged with sexually molesting a child.
In other news… Read More>>
China’s Top Law Enforcers Target Future Land Chairman Over Child Abuse Charges
China’s top law enforcement agency has issued a public condemnation of the chairman of Future Land Development Holdings, following his detention on suspicion of child molestation.
In a statement on its official WeChat issued two days after Wang Zhenhua had… Read More>>
Country Garden Sales Drop 6% – Still Lead China’s Top 10 Builders
Country Garden has retained its crown as China’s top developer, measured by contracted sales, despite being one of only two of the nation’s top ten builders to see their performance drop during the first half of the year.
The Guangdong-based… Read More>>
Future Land Chairman Held by Police After Charges of Molesting 9-Year-Old Girl
The chairman of Hong Kong-listed Future Land and mainland developer Seazen Holdings has been detained by police in Shanghai for investigation of crimes related to charges of sexually abusing a nine-year-old girl, according to a statement late yesterday by the… Read More>>