Declining revenues, widening losses remove polish from Hiducation IPO
China’s fourth largest online vocational educator is looking for a high-tech boost from AI to jumpstart its business, as it searches for elusive profits Key Takeaways: Hiducation has filed to…
BRIEF: Agile’s October sales rise month-on-month, but fall year-on-year
Property developer Agile Group Holdings Ltd. (3383.HK) said on Tuesday that its contracted sales totaled 710 million yuan ($100 million) in October, up 54% from September, but down 49% from…
China Travel International sheds property unit to focus on core business
The travel and tourism company will spin off its tourist property segment and significantly reduce its capital in a major restructuring Key Takeaways: China Travel International will spin off its…
Guo Xin Service makes IPO bid into frigid market for new property plays
Despite Hong Kong’s hot market for new listings, the management company from China’s struggling real estate sector would represent the first new property IPO in several years Key Takeaways: Guo…
BRIEF: Vanke’s losses continue to grow in first half of 2025
Real estate developer China Vanke Co. Ltd. (2202.HK, 000002.SZ) warned on Monday that it expects to report a loss of between 10 billion yuan ($1.4 billion) and 12 billion yuan…
Red Star Macalline shines spotlight of hope on struggling retail property sector
The shopping mall operator said its losses continued to grow in the first half of this year, but indicated the rate of increase could be moderating Key Takeaways: Red Star…
BRIEF: Bondholders approve Logan’s onshore debt restructuring
Real estate developer Logan Group Co. Ltd. (3380.HK) said on Wednesday that restructuring plans for 21 of its onshore corporate bonds and asset-backed securities (ABS) have all been approved by…
