BRIEF: Longfor’s January sales continue to fall
Real estate developer Longfor Group Holdings Ltd. (0960.HK) said on Tuesday its contracted sales in January totaled 4.46 billion yuan ($611 million), down 36% year-on-year and a 45% decline month-on-month.…
BRIEF: China Vanke pledges 18.3% of Onewo’s shares to Shenzhen Metro
China Vanke (2202.HK) has pledged about 210 million shares of its property management arm, Onewo Inc. (2602.HK), as collateral for a recent major loan from Shenzhen Metro Group, Onewo said…
BRIEF: Greentown’s January sales fall 9% year-on-year
Property developer Greentown China Holdings Ltd. (3900.HK) announced on Thursday that sales for its self-developed projects fell 9% year-on-year to 7.1 billion yuan ($974 million) in January from 7.7 billion…
BRIEF: Creditor files winding up petition for LVGEM
A creditor of LVGEM (China) Real Estate Investment Co. Ltd. (0095.HK) has filed with the High Court of Hong Kong to wind up the company, the struggling real estate developer…
BRIEF: UK court approves Sino-Ocean’s $5.6 billion debt restructuring
A UK court approved an offshore debt restructuring plan proposed by property developer Sino-Ocean Group Holding Ltd. (3377.HK) on Monday, despite opposition from several of its creditors. The news ignited…
BRIEF: Sunac completes debt restructuring for Beijing project
Real estate developer Sunac China Holdings Ltd. (1918.HK) said on Monday that its Sunac One Courtyard project in Beijing has reached a debt restructuring agreement with creditor China Credit Trust,…
BRIEF: Cinda sets up $2.7 billion fund to support property market
Bad asset manager China Cinda Asset Management Co. Ltd. (1359.HK) is setting up a 20 billion yuan ($2.7 billion) fund to support China’s struggling property market. China Cinda will provide…