Chinese billionaire couple Pan Shiyi and Zhang Xin have resigned as chairman and chief executive of Soho China, taking one step back from the company they founded as it continues to face controversy linked to their failed $3 billion sale… Read More>>
Soho China Confirms Investigation of CFO for Insider Trading
Soho China confirmed on Thursday afternoon that its chief financial officer, Ni Kuiyang, is under investigation for insider trading in the developer’s Hong Kong-listed shares.
The company made the admission after news of the investigation was spread on Chinese social… Read More>>
PWC to Cut Audits of Private Chinese Developers and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, accounting firm PwC is reportedly set to stop auditing private Chinese developers, Soho China incurs a fine for electricity gouging in its home patch of Beijing, and Dyson officially opens its global headquarters… Read More>>
Soho China Touts 30% Discounts on Slices of Beijing, Shanghai Projects
Soho China is selling 32,000 square metres (344,445 square feet) of what it calls “high-quality properties” in Beijing and Shanghai at a 30 percent discount, as the developer looks to shore up its financial position after a planned takeover by… Read More>>
Soho China Hits More Trouble as Electricity Gouging Fines Announced
Mainland authorities are continuing to clamp down on the nation’s billionaires with real estate power couple Pan Shiyi and Zhang Xin, who together control and manage developer Soho China, recently joining Jack Ma and other heavyweights in the regulatory penalty… Read More>>
Evergrande Transfers Cash to Avoid Bond Default and More Asia Real Estate Headlines
Investors in Chinese developer bonds (and perhaps a few of the developer bosses) went home happier on Friday as reports emerged that China Evergrande has arranged funds to avoid default on a set of US dollar notes, and that story… Read More>>
Soho Shares Sink 40% as Blackstone Deal Fails and More Asia Real Estate Headlines
Soho China leads today’s roundup of regional news headlines, as the mainland developer’s shares dive in the wake of Blackstone’s failed buyout of the firm and the husband-and-wife team at the top take in the US Open women’s final to… Read More>>
Blackstone’s $3B Soho Buyout Fizzles After Failing to Win China Regulatory Approval
Even the world’s largest real estate fund manager is finding business in China a bit tougher this year, as Blackstone announced on Friday that its $3 billion buyout of developer Soho China had been cancelled after failing to win approval… Read More>>
Blackstone’s $3B Buyout of Soho Moves Forward and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China begins its antitrust review of Blackstone’s $3 billion takeover of developer Soho, Hong Kong’s CK Asset confirms plans to convert some of its hotels into housing, and Singapore Land Group swings to… Read More>>
Blackstone Acquiring Developer Soho China in $3B Deal
Just 10 months after the COVID-19 pandemic derailed an attempt to take private one of China’s largest commercial developers, Blackstone Group has agreed to acquire Soho China through a new deal worth HK$23.7 billion ($3 billion), according to a stock… Read More>>
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