Evergrande property management arm gets new life as strongman takes charge
PAG will acquire 51% of Evergrande Property Services, and is preparing a mandatory general offer to purchase the rest of the company’s shares Key Takeaways: Liquidators of Evergrande’s property management…
Property slump takes further toll on building materials supplier
The cement and concrete arm of the China Resources group has flagged up a deepening loss, hit by falling prices for its products and rising manufacturing costs Key Takeaways: China…
Aoyuan’s asset fire sales may leave creditors holding the bag
After restructuring its offshore debt in 2024, the property developer defaulted a second time this year for failing to pay interest on some of its bonds Key Takeaways: Aoyuan defaulted…
Gaw Capital builds new foundation on private real estate debt
The property investment specialist plans to list Hong Kong’s first real estate private debt fund, in a major financial milestone for the city Key Takeaways: Gaw Capital will set up…
New World looks to REIT in bid to rescue its shaky foundation
The company plans to list a commercial real estate investment trust in Shanghai, making it Hong Kong’s first developer to issue a C-REIT on a Mainland stock market Key Takeaways:…
Developer lifeline: Seazen seeks financial relief through REIT spinoff
The property developer received regulatory approval this month to issue a commercial real estate investment trust, or REIT Key Takeaways: Seazen plans to raise funds through a real estate investment…
With looming debt pressures, Agile faces tough road to restructuring
Latest earnings figures show the real estate conglomerate remains mired in a liquidity crisis, while facing a court test and an impending payment crunch Key Takeaways: At end of June,…