Chinese regulators have asked Dalian Wanda Commercial Management to provide additional details on its application for a Hong Kong initial public offering, fuelling worries over the ability of the country’s largest commercial developer to meet its listing deadline this year.
China Expands REIT Regime to Include Malls and Department Stores
China has expanded its pilot program for publicly traded real estate investment trusts (REITs) to include shopping malls and other retail properties, as authorities continue to expand access to liquidity for companies in the property sector.
With the country’s public… Read More>>
Evergrande Hit With Winding-Up Petition and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-stricken China Evergrande faces a winding-up petition in the Hong Kong high court, the Cheng family behind New World Development launches a buyout bid for fashion retailer Giordano, and Swedish clothier H&M closes… Read More>>
Will China’s Stock Collapse Mean Bad News for Its Real Estate Developers?
While a gradual recovery in property sales over the last three months seemed to have bailed out China’s real estate developers, the country’s home builders may have just been dunked back into deep water by a collapse in the country’s… Read More>>
Wanda Cinema to Raise RMB 1.26B in Shenzhen IPO
Wanda Cinema Line, the movie theatre operator belonging to billionaire property developer Wang Jianlin, has scaled back plans for its initial public offering on China’s Shenzhen exchange under instruction from Chinese regulators.
According to a report in Reuters this week,… Read More>>
Govt Reopens Approvals for Real Estate Share Sales
In another sign of the Chinese government’s determination to corral its unruly real estate market, two more developers received regulatory approval for new stock sales, during the same week that a private real estate developer collapsed after having exhausted… Read More>>