Struggling Shimao looks on as creditors move in on its trophy Hong Kong hotel
Its onshore and offshore bonds now restructured, the developer must still navigate its massive bank debt, likely requiring more asset liquidations Key Takeaways: Several creditor banks may be moving to…
Country Garden peeks out from the shadow of death
The debt-laden property developer’s latest annual results show it returned to the black in a big way with a profit of more than 3.2 billion yuan last year Key Takeaways:…
Two years after its debt crisis, China property exposure still haunts Fosun
The conglomerate warned that impairment provisions tied to its real estate investments, along with other charges, caused its net loss to balloon last year Key Takeaways: Fosun lost up to…
KWG Group’s restructuring moves ahead with overseas creditor agreement
The regional developer is leveraging its luxury residential project in Hong Kong to stay afloat as it works to resolve its $4.66 billion in defaulted overseas debt Key Takeaways: KWG…
Evergrande Property Services: Hot potato or hot property?
Liquidators of the failed developer are seeking buyers for its property management arm, Evergrande Property, with several companies reportedly showing interest Key Takeaways: Guangdong Provincial Tourism Holdings and PAG have…
Empty towers and full plates: China’s office glut and its dumpling king
China's office market is hugely overbuilt, and yet developers keep building. What's ahead for this market? And China's dumpling king is gearing up to list in Hong Kong. Will investor bite, especially in the current slowing consumer market?
China’s property debt crisis muddles on, as profits evade the pet economy
Domestic investors holding about $500 worth of Vanke bonds have agreed to extend their Dec. 28 maturity date by a month. Why are Vanke and its peers continually turning to this kind of delaying tactic rather than doing bankruptcy reorganizations? And pet hospital operator Ringpai has applied for a Hong Kong IPO.
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