Agile’s sales plunge 60% in October
Real estate developer Agile Group Holdings Ltd. (3383.HK) on Monday reported its presales nosedived about 60% year-over-year to 290 million yuan ($43 million) in October. Its gross floor area sold…
Evergrande property management arm gets new life as strongman takes charge
PAG will acquire 51% of Evergrande Property Services, and is preparing a mandatory general offer to purchase the rest of the company’s shares Key Takeaways: Liquidators of Evergrande’s property management…
ZhongAn’s growth engine keeps running in a bumpy economy
The digital insurer’s third-quarter revenue grew far faster than the overall industry as its flagship low-cost policies continue to attract demand Key Takeaways: ZhongAn’s insurance business income grew about 10%…
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…
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