Asia real estate and outbound investment news
Four years after undertaking a $19.7 billion plan to achieve a back-door listing on a mainland exchange, China Evergrande’s announcement of that scheme’s failure leads Mingtiandi’s collection of real estate news from around the region.
Also in the news, Canada’s… Read More>>
Wanda Group is planning to consolidate its Chinese film assets, in the latest move by billionaire tycoon Wang Jianlin to reshuffle his property-and-entertainment empire.
Shenzhen-listed Wanda Film Holding, the group’s movie theatre developer, announced in a notice to the stock… Read More>>
Wanda Commercial Management Group, formerly known as Dalian Wanda Commercial Properties Co, recorded a 22 percent drop in profit generated from investment properties in 2017, according to a report in Tencent-owned business new site Yixian.
The developer’s operating profit from investment… Read More>>
An affiliate of top three Chinese developer Evergrande has vowed to open 200 cinemas in China — nearly doubling its total number of movie theatres in the coming five years, while adopting a new locally produced technology to rival the… Read More>>
Leading today’s news, Hong Kong’s “Superman” is flexing his financial muscle again as Cheung Kong Property agrees to buy a Canadian HVAC business for more than $2.1 billion. Also in the headlines, after the city of Beijing rolled out nearly… Read More>>
Wang Jianlin, the Chinese property tycoon who has been buying up theatre chains in the US, UK and Australia sees his screen empire as a means to export Chinese culture globally, according to statements in a recent TV interview with… Read More>>
China’s richest man continued to dominate the headlines late last week as a plans to re-list Wanda Commercial Properties seems to be back on track while Wang Jianlin also announced a plan to resell some recently acquired US assets to… Read More>>
China’s second-largest developer gives up on a Melbourne project as it struggles to raise interest in its hotel REIT, and media in the UK reveals that an attempted Fosun acquisition was scuttled due to a lack of financial transparency. Meanwhile,… Read More>>
China’s Dalian Wanda Group continues to expand into the global cinema industry as the company’s AMC Entertainment Holdings subsidiary agreed last week to buy out rival Carmike Cinemas in a $1.1 billion all cash deal.
AMC’s acquisition of the US’s… Read More>>
Alibaba’s Jack Ma seems to have decided that name-calling was the best response to a critical report by a Chinese regulator this week, and the resulting fallout helped rival billionaire Wang Jianlin, return to his former perch as China’s richest… Read More>>
