Chinese regulators are said to be drafting a list of 50 developers which will eligible for financing as part of a state-backed bailout, with that story leading Mingtiandi’s headline roundup today. Also in the news, McDonald’s agrees to buy Carlyle’s… Read More>>
Vice Chairman of Top 20 Chinese Developer Goes Missing
The vice chairman of Hong Kong-listed Seazen Group, one of China’s largest homebuilders, has gone missing, with mainland news sources reporting that the executive is cooperating with authorities on an investigation into Dalian Wanda Group, where he previously held top… Read More>>
Goldin Skyscraper Deal Falls Flat And More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the agreed sale of Goldin Financial’s Hong Kong skyscraper fails to culminate, mainland developer Jinke defaults on an onshore debt payment, and Singapore’s Mapletree Investments reports an annual profit increase.
S&P Downgrades Shanghai Greenland and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shanghai-backed Greenland Holding suffers a further downgrade to its credit rating, accounting bigfoot PwC plans to retire as auditor of Hong Kong-listed property manager Dowell Service, and China’s Seazen readies a rare offshore… Read More>>
Seazen Holdings Scandal Spawns Insider Trading and More Asia Real Estate Headlines
The arrest last year of the chairman of one of China’s largest developers has led to further damage this week after one of the fallen bosses buddies was penalised for insider trading after learning that his friend was headed for… Read More>>
Asia Real Estate People in the News 2020-03-23
In this week’s edition of People in the News, the former chairman of Evergrande Life has been appointed as a company director, only six months after his resignation.
In other moves around the region, investment management firm PIMCO has brought… Read More>>
Future Land China Sale Kicks Off With RMB 4.15B in Disposals
Just three days after announcing a plan to dispose of 40 real estate projects in China, Future Land confirmed in a filing to the Hong Kong Stock Exchange on July 24 that it has executed equity and debt transfer agreements… Read More>>
Developer Future Land Confirms Move to Sell 40 Mainland Projects After Chairman Jailed
Just three weeks after its now former chairman was detained on charges of molesting a nine-year-old girl, Future Land Holdings has confirmed in a voluntary announcement to the Hong Kong Stock Exchange today that it plans to dispose of more… Read More>>
Property Mogul Charged with Molestation and More Asia Real Estate Headlines
The disgraced former chairman of a Hong Kong-listed developer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the property mogul has been formally charged with sexually molesting a child.
In other news… Read More>>
China’s Top Law Enforcers Target Future Land Chairman Over Child Abuse Charges
China’s top law enforcement agency has issued a public condemnation of the chairman of Future Land Development Holdings, following his detention on suspicion of child molestation.
In a statement on its official WeChat issued two days after Wang Zhenhua had… Read More>>