Asia real estate and outbound investment news
A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group Corporation, an Alibaba-backed home improvement mall chain, as government firms continue to bail out China’s flailing private real estate sector.
Shanghai-listed… Read More>>
Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall operator Red Star Macalline Group Corporation is in talks to sell what could be a controlling stake in the company to Chinese state-controlled… Read More>>
The fallout from a set of investigations into executives at state-run developers in China leads this week’s set of personnel updates on Mingtiandi, with the chairman of two Hong Kong-listed units of Xiamen C&D Group making a hasty exit. Also… Read More>>
China on Tuesday announced four separate investigations of current and former senior executives at three of the country’s largest state-owned real estate companies over allegations of “serious violations of discipline and law”.
A notice posted by the anti-corruption office in… Read More>>
