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: 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: Conch Cement’s profit drops on weak demand, price declines
Anhui Conch Cement Co. Ltd. (0914.HK) announced on Monday its revenue fell 35.51% year-on-year to 91.03 billion yuan ($12.55 billion) last year, as it came under pressure from China’s economic…
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: Sinolink posts 2024 profit on one-time gains
Property developer and financial investor Sinolink Worldwide Holdings Ltd. (1168.HK) said on Tuesday it recorded a profit last year, defying China’s property downturn, thanks to one-off gains. The company said…
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