In today’s roundup of regional news headlines, Chinese conglomerate Fosun plans to offload its interest in steel group Nanjing Nangang, and mainland new home prices climb at their fastest pace since last June.
Fosun Group Sells Nangang… Read More>>
Asia real estate and outbound investment news
In today’s roundup of regional news headlines, Chinese conglomerate Fosun plans to offload its interest in steel group Nanjing Nangang, and mainland new home prices climb at their fastest pace since last June.
Fosun Group Sells Nangang… Read More>>
In today’s roundup of regional news headlines, developer Sunac China reaches a deal with holders of 30 percent of its offshore debt, and Best Mart 360’s co-founders enter an agreement to sell a large stake in the Hong Kong store… Read More>>
In today’s roundup of regional news headlines, Douglas Woo of Wheelock & Co bags a luxe apartment in Hong Kong’s Repulse Bay, and mainland developer Sunac warns of a 2022 loss on the order of $4 billion.
In today’s roundup of regional news headlines, Aussie casino operator Star Entertainment owns up to illegally allowing chip purchases using credit cards, and Japan’s Star Asia REIT secures first dibs on a Tokyo student housing property.
FEC,… Read More>>
In today’s roundup of regional news headlines, Blackstone looks Down Under for its latest potential asset disposal, and China’s government ponders a novel method to maintain state control of private firms.
Blackstone Could Fetch A$1B as It… Read More>>
In today’s roundup of regional news headlines, Times China becomes the latest mainland developer to slip into default, while Sunac China wins a crucial lifeline from creditors, and Dutch pension fund PGGM says it is cutting back its new commitments… Read More>>
Struggling developer Sunac China Holdings has agreed to sell its majority stake in a sprawling indoor ski resort project in Shenzhen for RMB 3.6 billion ($509 million), two years after teaming up with a government-backed builder to purchase the site.
Sunac China Holdings on Friday previewed a restructuring plan under which the defaulting developer would convert between $3 billion and $4 billion worth of debt and certain shareholder loans into ordinary shares or equity-linked instruments.
Tianjin-based Sunac has been communicating… Read More>>
In today’s roundup of regional news headlines, Singapore-listed Digital Core REIT proceeds with buying a stake in a German data centre while forgoing an acquisition in Dallas, and a journalistic probe illuminates casino boss Steve Wynn’s shadowy connections in China.
Sunac China has sold nearly 90 percent of its interest in a development project in Shanghai’s Huangpu district to a pair of state-owned investment firms for an estimated RMB 12 billion ($1.7 billion), as the troubled mainland builder continues to… Read More>>