Asia real estate and outbound investment news
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>>
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>>
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>>
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>>
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>>
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>>
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>>
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.
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>>
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>>
