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…
ITC Properties pivots to AI with $12.47 million acquisition
ITC Neocloud Group Ltd. (0199.HK), formerly known as ITC Properties Group Ltd., announced on Tuesday that it plans to acquire 80% of Guangzhou Chaoqi Xiyang Technology Co. Ltd. for 83.6…
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…
KWG’s August sales plunge as offshore debt restructuring advances
Property developer KWG Group Holdings Ltd. (1813.HK) said on Tuesday that presales by the company, its joint ventures and associates fell 73.6% year-on-year to 161 million yuan ($24 million) in…
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