The logo of property developer Shimao Group is seen on the facade of Shimao Tower in Shanghai, China January 13, 2022. REUTERS/Aly Song ... ( read original story ...)
China’s Shimao to Sell USD12.2 Billion in Property Assets to Cut Debts
Chinese real estate developer Shimao Group Holdings intends to sell 36 projects, including a 700-meter-high skyscraper in Shenzhen, in total worth more than CNY77.1 billion (USD12.2 billion) to reduce ... ( read original story ...)
China Property M&A Deals Pick Up in Relief for Developers
China’s efforts to spur asset sales by cash-strapped developers are starting to gain momentum with a flurry of deals involving state-run rivals, potentially easing the industry’s debt crisis. In ... ( read original story ...)
China biggest property developer swoops in with mini buyback as bonds slump
China's biggest homebuilder by sales, Country Garden, scooped up $10 million of its own bonds on Monday as the country's ongoing property crisis sent then sprawling again. ( read original story ...)
China drafts rules to give property developers ‘more access to escrow funds’
China is drafting nationwide rules to make it easier for property developers to access funds from sales still held in escrow accounts in its latest move to ease a severe cash crunch in the sector, ... ( read original story ...)
Pudong Plans Bond Sale for Property M&A Loans: Evergrande Update
Shanghai Pudong Development Bank Co. plans to sell bonds worth 30 billion yuan ($4.7 billion) to fund loans for property acquisitions, in a move aimed at easing stress in China’s struggling real ... ( read original story ...)
China biggest property developer sees bonds slump
China's biggest homebuilder by sales, Country Garden, saw its bonds slump on Monday as the country's property crisis showed no sign of letting up. Last week was the worst on record for Country ... ( read original story ...)