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Rayzone Beijing

Sino-Ocean Sells Stake in Beijing Office Building to Ping An for $740M

2022/06/16 by Mingtiandi Team Leave a Comment

Chinese developer Sino-Ocean Group Holding has sold its stake in a commercial project in Beijing’s Fengtai district for RMB 5.02 billion ($740 million) to Ping An Life Insurance amid weakening sales and dropping bond prices.

The mainland financial heavyweight has… Read More>>

Kwok Ying-shing

Kaisa Defaults and Investors Go Back to School

2015/04/22 by Michael Cole Leave a Comment

“Collapse.” “Bloodbath.” “Buckled under its debts.”

Troubled China real estate developer Kaisa Group Holdings defaulted on $52 million of interest payments on offshore bonds worth $800 million over the weekend, and the news accounts have been letting us know that it’s… Read More>>

Kwok Yingshing

Bondholders Cheer as Kaisa Founder Returns to Helm of Shenzhen Developer

2015/04/13 by Michael Cole Leave a Comment

In an abrupt reversal following months of conflict with the Shenzhen city government, Kwok Yingshing today was reappointed to his position as chairman of the board of troubled real estate developer Kaisa Holdings.

The reinstatement of Kwok at the head… Read More>>

Kwow Ying-shing Cheng Yu-tung

Chairman of Kaisa Steps Down After Sales Frozen and Stock Drops 34%

2014/12/13 by Michael Cole Leave a Comment

The chairman of Kaisa Group Holdings, Kwok Ying-shing, resigned from his posts with the China real estate developer after government actions and questions about the company’s viability caused its shares to slide more than 34 percent in the last few… Read More>>

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