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International Tech Park Bangalore

CapitaLand India Trust to Buy Bengaluru IT Park and More Asia Real Estate Headlines

2023/01/19 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore-listed CapitaLand India Trust agrees to acquire a Bengaluru IT park at a future date, and data centre giant Global Switch reaches an impasse with its potential buyers.

CapitaLand India… Read More>>

Xia Haijun, CEO of Evergrande

Evergrande Fires CEO and CFO Over Alleged Illicit Loan Scheme

2022/07/25 by Christopher Caillavet Leave a Comment

China Evergrande forced its chief executive and chief financial officer to resign last week, citing their involvement in a scheme in which loans secured by pledge guarantees were transferred and diverted back to the debt-saddled developer via unnamed third parties… Read More>>

China Evergrande Centre Wanchai

Evergrande Said Discussing $2B Sale of Wanchai HQ to Yuexiu Amid Govt Pressure

2021/08/22 by Mingtiandi Team Leave a Comment

Embattled mainland developer China Evergrande Group is in talks to sell its largest single property asset for around $2 billion, according to sources familiar with the discussions who spoke with Mingtiandi.

Yuexiu Property, a branch of the local government of… Read More>>

Xu Jiayin NPC

Evergrande Founder Steps Down as Chairman of Primary Mainland Unit

2021/08/17 by Christopher Caillavet Leave a Comment

Hong Kong-listed China Evergrande’s share price fell 4.3 percent Tuesday on news that the embattled developer’s chairman, Xu Jiayin, had stepped down from the chairmanship of Hengda Real Estate, the Shenzhen-based group’s main property unit in China.

Xu is no… Read More>>

Evergrande Weighs Sale of Stake in Auto Unit After $740M H1 Loss

2021/08/11 by Christopher Caillavet Leave a Comment

After China Evergrande New Energy Vehicle Group issued a warning this week that its first-half net loss was expected to nearly double from a year earlier, the car maker’s parent firm — debt-saddled developer China Evergrande — has confirmed that… Read More>>

Pony-Ma tb

Evergrande to Sell Further Stake in Tencent JV for $420M as Unpaid Suppliers Swarm

2021/08/02 by Christopher Caillavet Leave a Comment

Debt-saddled developer China Evergrande Group continues to reduce its shareholding in its Hong Kong-listed internet division, HengTen Networks Group, as it announced plans yesterday to offload a HK$3.25 billion ($420 million) stake.

The news comes less than two months after… Read More>>

xu jiayin run

Evergrande Raises Cash by Selling Stakes in Tencent JV, Hangzhou Developer

2021/06/23 by Christopher Caillavet Leave a Comment

China Evergrande Group, the country’s most indebted property developer, is raising some quick cash this week by selling off assets ahead of a scheduled repayment of a $1.47 billion offshore bond maturing next week.

The Shenzhen-based company led by billionaire… Read More>>

xu jiayin tb evergrande

Evergrande Denies Pleading for Govt Support to Avoid Collapse

2020/09/25 by Michael Cole Leave a Comment

Indebted mainland developer China Evergrande Group was forced to deny reports that it was pleading for a bailout yesterday, after a document circulating on Chinese social media indicated that the firm was pleading for government support to avoid financial catastrophe.

… Read More>>

xu jiayin

Evergrande Boss Xu Jiayin RMB 14.6B Richer as China’s 2nd-Largest Developer Announces Dividend

2019/12/09 by Michael Cole Leave a Comment

China’s third-richest man is about to add RMB 14.6 billion ($2.1 billion) to his personal fortune after China Evergrande Group proposed its dividend for the 2018 financial year in an announcement on the Hong Kong stock exchange on Sunday.

The… Read More>>

Kimbie Chan Joseph Lau

Chinese Estates Owners Buy $1.1B of Evergrande Bonds

2019/02/07 by Jesus Alcocer Leave a Comment

Chinese Estates Holding director Kimbee Chan Hoi-wan and members of her husband Joseph Lau’s family purchased a third of $3 billion in senior unsecured bonds issued by China Evergrande Group late last month, swelling the clan’s portfolio of the top-three mainland… Read More>>

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