Asia real estate and outbound investment news
Glorious Property, the Shanghai-based real estate developer that missed missed debt payments repeatedly this year, has made good on a coupon obligation after bond holders sought legal advice, according to media reports.
The property firm belonging to troubled tycoon Zhang… Read More>>
Hong Kong-listed real estate developer Glorious Property could become the latest victim of China’s property crunch after the mainland builder disclosed last week that its revenues had dropped 85 percent this year and it had failed to make payments on… Read More>>
Government bans on property sales are no longer confined to Shenzhen, as real estate developer Kaisa now sees its troubles spreading to other cities, and reports indicate that a Shanghai property developer has also had projects frozen.
According to a… Read More>>
A Chinese shipbuilder belonging to the same group of companies as troubled developer Glorious Property Holdings Ltd (HKG:0845) has asked bondholders not to demand their money back, as it struggles to restructure its finances.
Rongsheng Heavy Industries, which was founded… Read More>>
Two top executives of Glorious Property Holdings Ltd. (845) resigned last week – less than one month after a failed buyout attempt by the troubled China real estate developer’s former chairman Zhang Zhirong.
The departure of Glorious CEO Liu Ning… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
Glorious Property stock soared by a record yesterday in Hong Kong… Read More>>
