In today’s roundup of regional news headlines, China Evergrande’s restructuring process moves ahead with the hiring of additional advisors, fellow mainland developer Sunac suffers its second credit downgrade in as many days, and Singapore-listed Mapletree Logistics Trust acquires a land… Read More>>
Sunac Share Sale Raises $580M as Developer Faces Bond Deadline This Month
Mainland developer Sunac China Holdings continues to make moves to shore up its financial position, including a planned HK$4.52 billion ($580 million) share sale to a holding firm controlled by the family of chairman Sun Hongbin.
In the top-up deal… Read More>>
Sunac Services Scraps $360M Acquisition of Modern Land Property Management Unit
Mainland developer Sunac China Holdings’ property management unit has terminated an October deal to acquire a services affiliate of competitor Modern Land, which announced a large offshore debt default less than 20 days after the preliminary agreement was struck.
Hong… Read More>>
Sunac Dumps More Than $1B in Beike Shares Amid China Developer Liquidity Scramble
For the second time in two months, mainland developer Sunac China Holdings has disclosed a sizeable disposal of shares held in housing broker Beike, bringing the total sell-off to $1.084 billion since June.
Hong Kong-listed Sunac revealed Wednesday that it… Read More>>
Sunac China Raises $953M in Share Sale Combo and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese developer Sunac raises cash from the sale of shares and a chunk of its property management arm, Singapore’s private home sales rebound after two months of declines, and Korean conglomerate SK Group… Read More>>
Chinese Estates’ Lau Sells Kaisa Bonds at $174M Loss and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the family of billionaire Joseph Lau cuts its losses with the liquidation of its position in bonds issued by developer Kaisa Group, which is reportedly seeking buyers for Kaisa Prosperity Holdings, the group’s… Read More>>
Sunac Shares Jump After Denial of Distress Call and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Sunac’s shares soar after the Chinese developer denies reports that it requested help from a city government, shares of Evergrande NEV plunge after the electric-car unit issues a liquidity warning, and JLL says… Read More>>
Meritz Fund Buying 50% Stake in DC Office Building and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, South Korean investment firms are heading stateside as one looks to buy a half-stake in a Washington DC office building and two others complete the purchase of a California residential complex. In China,… Read More>>
Evergrande Leaders Pledge to Deliver Projects and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China Evergrande’s top executives promise — in writing — to complete the cash-strapped group’s property projects, while fellow mainland developer Sunac is reportedly contemplating a Hong Kong IPO to spin off its indoor… Read More>>
Sunac China Buying Hangzhou Hotel, Office Tower From Oceanwide for $340M
A pair of mainland developers — cash-strapped China Oceanwide Holdings and distressed-asset enthusiast Sunac China Holdings — have seen their interests converge once again, with Sunac agreeing to buy two of Oceanwide’s Hangzhou properties for RMB 2.2 billion ($340 million),… Read More>>
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