BRIEF: Haitong offloads 20% pledged stake in Sunshine 100
Property developer Sunshine 100 China Holdings Ltd. (2608.HK) said on Monday that Haitong International sold 521 million of the company’s shares in the open market on May 21 and May…
BRIEF: Greentown’s sales drop 8% in first quarter
Property developer Greentown China Holdings Ltd. (3900.HK) logged contracted sales of 21.8 billion yuan ($2.98 billion) from its self-invested projects in March, down 5% year-on-year, the company said on Monday.…
BRIEF: Vanke swings to $6.82 billion loss as debt pressure mounts
Property developer China Vanke Co. Ltd. (2202.HK; 000002.SZ) announcedon Monday it recorded a net loss of 49.5 billion yuan ($6.82 billion) in 2024, reversing a profit of 12.2 billion yuan…
BRIEF: Powerlong Commercial profit plunges on weak property market
Property manager Powerlong Commercial Management Holdings Ltd. (9909.HK) said it expects to report that its net profit for 2024 fell between 50.4% and 60.9% from 2023, according to a profit…
BRIEF: Gemdale Properties swings to massive loss
Commercial property developer Gemdale Properties Investment Corp. Ltd. (0535.HK) on Thursday reported it swung to a net loss of nearly 4.2 billion yuan ($579 million) last year from an 830…
BRIEF: Hong Kong property tycoon Lee Shau Kee dies at 97
Lee Shau Kee, founder of Henderson Land Development Co. Ltd. (0012.HK), died on Monday at the age of 97. Lee moved from his hometown of Shunde in South China’s Guangdong…
BRIEF: Facing falling rents, SF REIT lowers payout ratio
Logistics warehousing-focused REIT SF Real Estate Investment Trust (2191.HK) on Thursday reported its revenue grew 2.4% year-on-year to HK$450 million ($58 million) in 2024. It announced a final distribution per…
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