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Wu XIaohui

Anbang Insurance Said Exploring Sale of C$1B Vancouver Office Complex

2018/11/26 by Emma Zhou Leave a Comment

China’s scandal-racked Anbang Insurance is reportedly preparing to sell a Vancouver office complex which it purchased for over C$1 billion ($730 million) in 2016 as the Beijing-based insurer continues to unwind its overseas holdings.

Anbang is currently in talks with… Read More>>

Wu Xiaohui

Sino-Ocean to Take Over Anbang China Real Estate Projects After Wu Xiaohui Sentenced

2018/05/14 by Michael Cole Leave a Comment

On the same day that a court in Shanghai sentenced Anbang Insurance founder Wu Xiaohui to 18 years in prison, a statement to the Hong Kong stock exchange gave an indication of the fate of the once-renegade Chinese insurer’s domestic… Read More>>

Wu XIaohui

Anbang’s Wu Xiaohui Sentenced to 18 Years in Prison, $1.6B in Assets Confiscated

2018/05/11 by Shawna Kwan Leave a Comment

Anbang Insurance Group’s founder and former chairman Wu Xiaohui has been sentenced by a Chinese court to 18 years in prison for fraud and embezzlement, China’s official news agency Xinhua reported Thursday morning. The court also ruled that RMB 10.5… Read More>>

Wu XIaohui

Chinese Government Announces $10B Bailout of Anbang Insurance

2018/04/04 by Shawna Kwan Leave a Comment

China’s government is injecting RMB 60.8 billion ($9.67 billion) into Anbang Insurance Group after the embattled insurer was taken over by the insurance regulator in February and its chairman put on trial on fraud charges last week.

The newly merged… Read More>>

Goodwin Gaw

Gaw Said in Talks to Buy HNA’s SF Office Tower and More Asia Real Estate Headlines

2018/03/29 by Michael Cole Leave a Comment

As much of the region heads into an Easter holiday, Asia’s dealmakers refuse to take a break as Goodwin Gaw has reportedly been spotted shopping at the San Francisco location of HNA’s global real estate bargain bin. Singapore’s Mapletree is… Read More>>

Wu Xiaohui Anbang

Chinese Government Seizes Control of Anbang as Boss Charged with Fraud

2018/02/25 by Greg Isaacson Leave a Comment

The Chinese government now has direct control of the Waldorf Astoria hotel in New York, as the country’s insurance regulator formally takes over the hotel’s embattled owner, Beijing-based Anbang Insurance Group.

Anbang, which had scooped up the famed Manhattan property… Read More>>

Theo Cheng Anbang

Anbang’s Head of Real Estate Steps Down Two Months After Boss Detained

2017/08/22 by Greg Isaacson Leave a Comment

After presiding over one of the world’s biggest strings of cross-border real estate transactions from 2015 to 2017, Anbang chairman Wu Xiaohui disappeared into detention in early June.

Now, some two months later the head of real estate for the… Read More>>

Wu Xiaohui

Anbang Denies Reports of Forced Sale of $10B Overseas Portfolio

2017/08/01 by Greg Isaacson Leave a Comment

Anbang Insurance chairman Wu Xiaohui may have disappeared into government detention in early June, but at least someone from the once high-flying Chinese insurer was available this week to deny reports of a forced sale of the company’s overseas holdings.

… Read More>>

Wu Xiaohui

Anbang Fights Default Accusations on $1B Korean Insurance Deal

2017/06/29 by Greg Isaacson Leave a Comment

Uncertainty is mounting for Anbang Insurance, the troubled Chinese acquisition giant whose chairman was detained by authorities barely two weeks ago, as the company battles a lawsuit over a missed payment for Tong Yang Life Insurance, the Korean insurer it… Read More>>

Wu Xiaohui Anbang

Anbang Confirms Wu Unable to Fulfill Duties and More Asia Real Estate Headlines

2017/06/14 by Michael Cole Leave a Comment

China continues to be a centre for market excitement this week as Anbang Insurance confirms that its chairman is no longer available, on the same day that reports surfaced of Wu Xiaohui’s detention. Also in the news, Chongqing champion CC… Read More>>

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