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Wang Yonghong Zhonghong

China Orient Asset Management Buys Unfinished Beijing Tower for RMB 3.3B on Taobao

2020/04/12 by Stephanie Li Leave a Comment

A mainland property investment group which once spent $449 million to buy control of the Seaworld amusement park group from Blackstone, saw one of its prized assets sold on Taobao this past week, as China continues to sweep up the… Read More>>

Wang Yonghong Zhonghong

Mainland Developer Announces Default on RMB 2.27B in Debt as White Knight Goes Dark

2018/09/04 by Emma Zhou Leave a Comment

Zhonghong Holdings, the real estate developer controlled by tycoon Wang Yonghong announced last week that it had defaulted on RMB 1.1 billion ($160 million) in credit obligations in the month of July, bringing the Beijing-based company’s total past-due obligations to… Read More>>

Wang Yonghong Zhonghong

Defaulting Developer’s RMB 1.4B Deal with Kaisa Held Up by Shenzhen Exchange

2018/07/19 by Emma Zhou Leave a Comment

Less than three months after revealing that it had defaulted on more than RMB 1.1 billion ($174 million) in debts, beleaguered Chinese real estate developer Zhonghong Holdings is struggling to explain a deal with Shenzhen-based Kaisa Group that could bring… Read More>>

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Kerry Properties CFO Resigns After Less Than 8 Months on Developer’s Board

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Hong Kong-listed developer Kerry Properties waited until the city was transfixed with the arrival of a visitor from the … Read More>>

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A senior appointment by one of China’s crew of defaulting privately-controlled developers leads this week’s roundup of … Read More>>

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Wu Jianxin Kaisa

Top level executive changes at a pair of major mainland real estate companies lead this week’s round-up of personnel … Read More>>

Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India

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US developer Tishman Speyer has hired industry veteran Graham Mackie as a managing director to lead the firm’s Asia … Read More>>

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