The financial struggles of yet another mainland China investor who purchased asset from Blackstone lead today’s headlines from around the region, as Zhonghong Zhuoye learns the Seaworld isn’t all fun and games. Also in the world of the big fish… Read More>>
Defaulting Developer’s RMB 1.4B Deal with Kaisa Held Up by Shenzhen Exchange
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>>
Chinese Developer Defaults on $364M in Debt One Year After $449M Blackstone Deal
Less than one year after its offshore affiliate paid $449 million to buy a stake in Seaworld from Blackstone, and just nine months after that same unit failed in its $4 billion bid to buy out US senior living operator… Read More>>
SC Capital Said to Launch $1B Property Fund And More Asia Real Estate Headlines
At the top of today’s news, Singaporean private equity shop SC Capital is said to have launched a $1 billion fund targetting real estate across Asia, as institutional investors move up the risk curve in search of higher yields. Meanwhile,… Read More>>
Seaworld Buyer Said Planning $3B US Senior Living Deal and More Asia Real Estate Headlines
China’s Zhonghong Zhuoye Group first hit the headlines three months ago with its $449 million purchase of a stake in Seaworld from Blackstone. Now the Chinese conglomerate is back in the news with plans for a $3 billion buyout of… Read More>>
Blackstone Closes on $449M Sale of Seaworld Stake and more Asia Real Estate Headlines
Leading the news this morning, proving that there is life after China’s capital controls, the Blackstone Group has brought in nearly half of billion dollars by selling a stake in SeaWorld to a mainland buyer. Some other would-be sellers have… Read More>>
