The succession plan for one of Asia’s largest conglomerates may have become a bit clearer on Friday when Hong Kong-listed Kerry Properties named Kuok Khoon Hua as its new CEO and Vice Chairman in an announcement to the stock exchange.
Alibaba Invests RMB 4.36B in Furniture Mall Operator Red Star Macalline
Alibaba has made another deal aimed at China’s traditional shopping sector, with the e-commerce giant announcing an investment in China’s largest retailer of furniture and home products, as the tech giant, continues to look for ways to leverage its online… Read More>>
C&W Tops Asia Brokerage Wins with HK$4.1M Leasing Deal in Hong Kong Mingtiandi Broker Battle
Leasing leads the way in Mingtiandi’s latest list of brokerage wins as Cushman & Wakefield is said to have advised an insurer on its rental of four floors of office space in Hong Kong’s Kowloon East area. The fast-developing commercial… Read More>>
Greenland Group Unveils Plan for RMB 100B Project on Shanghai’s South Bund
Just three months after buying a 50 percent stake in a site in Shanghai’s Huangpu district from financially troubled China Minsheng Investment Group, state-backed Greenland Group has unveiled plans for a relaunch of what it says is a RMB 100… Read More>>
Frasers Property Appoints Hua Tiong Lim as Vietnam CEO
Frasers Property Limited has appointed Hua Tiong Lim as chief executive officer of its Vietnam subsidiary, according to an announcement by the Singapore-listed developer.
The former China Fortune Land Development International executive will lead Frasers Property Vietnam’s operations in the… Read More>>
Nan Fung Pays RMB 2.4B for Office Site in Shanghai’s Gubei
Hong Kong’s Nan Fung International Holdings has won the rights to a commercial plot in Shanghai’s Changning district after the developer agreed to pay RMB 2.4 billion ($352 million) to purchase the site at a government land auction this past… Read More>>
Unnamed Mainland Investor Buys Floor of Hong Kong’s the Center for HK$1.1B
Hong Kong tycoon David Chan Ping-chi has taken a step towards cashing out his holdings in the Center on Hong Kong’s Queen’s Road, selling a floor in the office building nearly two years after joining a consortium which acquired the… Read More>>
JLL Brokers $221M Keppel REIT-PGIM Deal in Seoul and More Asia Agency Wins Mingtiandi Broker Battle
Seoul takes centre stage in Mingtiandi’s latest accounting of Asia’s biggest brokerage wins with JLL assisting with a KRW 252.6 billion trade for an office asset in the Korean capital’s central business district as activity also picks up in Hong… Read More>>
Chris Wu Steps Up to Group CFO at LifeHub Developer Chongbang
Christopher Wu has made the step up to Group Chief Financial Officer at Chongbang Group, the developer behind a series of LifeHub mixed-use projects in Shanghai and other major mainland centres, according to market sources who spoke with Mingtiandi.
In… Read More>>
Mirae Asset, Korea Post Buy Seoul Tower From ADIA and CBRE GI for KRW 589B
A unit of Korea’s Mirae Asset Financial Group has agreed to purchase the State Tower Namsan in Seoul for KRW 588.6 billion ($507 million), according to a statement last week from a brokerage representing the seller of the 24-storey office… Read More>>
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