SRE Group is seeking a buyer for its 51 percent stake in a mixed-use project in Shanghai, as the unit of China Minsheng Investment Group tries to stem escalating losses in the wake of an embezzlement scandal that saw its… Read More>>
In this week’s edition of People in the News, SRE Group’s leadership challenges steal the limelight after the developer’s chairman and executive director were detained under embezzlement charges in Shanghai, forcing the company to appoint a stand-in to assume their… Read More>>
Embezzlement leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the chairman of SRE Group, who was detained in January, has now been formally charged with embezzlement, along with an executive director of… Read More>>
Developer SRE Group Ltd informed the Hong Kong stock exchange today that its chairman, Peng Xinkuang was temporarily unable to perform his duties after having been detained by police in mainland China.
The real estate development subsidiary of financially troubled… Read More>>
A change in financial management at Hong Kong-listed SRE Group kicks off this week’s collection of real estate professionals finding new jobs, as troubles at the company’s cash-strapped parent appear to ripple into the operations of the cross-border investment specialist…. Read More>>
In this week’s edition of People in the News, Indian billionaire property tycoon Niranjan Hiranandani has decided to pass on the baton to his 36-year-old son, Darshan Hiranandani, naming him as the group chief executive officer of Hiranandani Group.
In… Read More>>
A cross-border development unit of China Minsheng Investment has broken ground on its first project in San Francisco, where home will costs at least $2.5 million just to build. Also in the news, the “charitable foundation” which HNA set up… Read More>>
China Minsheng Investment Group’s Hong Kong-listed real estate arm SRE Group has offloaded a half-stake in a pair of London properties for a total of £29.5 million ($40 million), six months after the company’s chairman stepped down following reports of… Read More>>
The chairman of a Hong Kong-listed developer controlled by China’s largest privately-owned investment group abruptly stepped down this week, on the same day that the executive’s former employer revealed that it had been raided by Hong Kong’s anti-graft body.
In… Read More>>
One of China’s largest private investment groups has teamed up with partners in the US to invest in a waterfront development site in San Francisco, joining a growing number of mainland and Hong Kong investors that are betting on the… Read More>>