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Asia Real Estate People in the News 2020-07-27

2020/07/27 by Michael Cole Leave a Comment

An ongoing management shuffle at a defaulting mainland developer leads today’s collection of people moves as Jiangsu-based Wuzhou International continues to see its controlling shareholders leave board positions in the face of litigation battles.

As Wuzhou struggles, CPPIB has named… Read More>>

Asia Real Estate People in the News 2019-06-24

2019/06/24 by James Hatton Leave a Comment

In this week’s edition of People in the News, the chairman of a troubled Jiangsu-based developer that notched RMB 1 billion ($150 million) in loan defaults last year resigns for health reasons, and a top five mainland developer hires a… Read More>>

Shu Ceceng Wuzhou

Mainland Developer Misses $204M in Bond Payments and More Asia Real Estate Headlines

2018/10/05 by Michael Cole Leave a Comment

Defaults, sheds and empty Japanese office buildings lead today’s collection of real estate headlines from around Asia as we finish off the first week of October. At the top of our list is a struggling Jiangsu developer that just can’t… Read More>>

Shu Ceceng Wuzhou

Moody’s Sees Further Fallout After Mainland Developer Slips into RMB 1B Default

2018/07/11 by Michael Cole 2 Comments

Credit ratings agency Moody’s Investors Service this week has downgraded its outlook for Hong Kong-listed developer Wuzhou International Holdings Limited as it predicted that the Jiangsu-based industrial specialist would default on $300 million in offshore bonds.

The downgrade comes after… Read More>>

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