At least from a real estate perspective, the long running saga of Treasury China Trust/Forterra came to a close this week when Hong Kong-based real estate developer Nan Fung announced the completion of its acquisition of shares in Forterra trust… Read More>>
Former Treasury Directors Reported to Receive Euros 40 Mil Each in Deal
Despite operating a failed REIT which lost billions, and being accused of fraud by the government of their home country, two former directors of Treasury China Trust are now said to be receiving payouts of Euros 40 million each.
According… Read More>>
Former Treasury Holdings Directors Settling Dispute with Irish Government
According to a report yesterday in the Irish Independent newspaper, former Treasury Holdings and Forterra directors Richard Barrett and Johnny Ronan are close to settling their dispute with the Irish government over a controversial sale of the investment fund’s China… Read More>>
Forterra Directors Sell Trust and Management Firm for US$184 Mil
In the latest episode of the Treasury China Trust/Forterra saga, Forterra Trust announced today that it had sold 29.98 percent of the trust, and 100 percent of the management company affiliated with the trust to Hong Kong property developer Nan… Read More>>
Treasury China’s Travails Continue as Share Price Halves
Troubled real estate investment firm Treasury China Trust continues to erode in value as its Irish-based erstwhile parent company recently was found to be insolvent and is to be wound up.
Shares in the the Singapore-listed company have dropped by almost… Read More>>
Did Treasury Holdings Directors Sell Themselves China Assets at 93% Discount?
Media reports released late last week revealed that subsidiaries of embattled real estate investment firm Treasury Holdings which were suddenly sold off for 2.263 million euros to a company controlled by one of its directors are believed to have been… Read More>>
Treasury Holdings Sells China Assets to Its Directors in Bankruptcy Fight
On Tuesday, troubled property firm Treasury Holdings sold two Chinese subsidiaries to one of its directors for 2.236 million Euros as the company seeks to hive off its assets while facing potential bankruptcy on its home turf in Ireland.
On… Read More>>
Treasury China Trust Defending Itself Against Charges of Mismanagement
Treasury China Trust (TCT), a Singapore-listed investment trust, is suddenly having to defend itself against charges from one of its investors that the firm is run for the benefit of its fund managers and lacks independent board oversight.
Mano Sabnani,… Read More>>
China’s Developers to Face More Downgrades – and more of today’s China real estate links | March 9, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
Chinese developers will probably to face more credit rating downgrades… Read More>>