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,…
China’s state playbook fuels humanoid robot boom, resolves Evergrande crisis
"With things like this in China, there's always an element of surprise to some extent simply because the system is so opaque that nobody knows what's going on." – on…
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…
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