According to OUE REIT on Dec 20, it plans to divest its 91.2% stake in Lippo Plaza Shanghai for RMB 1.92 billion ($357 million) and at an agreed property value of RMB 1.68 billion. ( read original story ...)
Stock Market Today: Asian Shares Are Mostly Higher After Wall Street Rally Caps a Dismal Week
BANGKOK (AP) — Shares mostly gained in Asia on Monday after U.S. stocks capped a mostly dismal week with a broad rally that still left the benchmark S&P 500 down 2% for the week. U.S. futures and oil ... ( read original story ...)
Shanghai metro line partially reopens after crash
Shanghai authorities have partially reopened a metro line which was closed on Sunday morning after a train smashed into a fallen crane on the track. The train was badly damaged but no injuries were ... ( read original story ...)
Tower crane construction causes damage to Shanghai Metro Line 11; working group dispatched
External construction caused damage to equipment and trains on Metro Line 11 in Shanghai, forcing trains to stop between stations on Sunday morning. Metro authorities promptly organized emergency ... ( read original story ...)
Moving train hits crane in Shanghai
A train was badly damaged after it crashed into a crane in Shanghai on Sunday morning. No one was injured in the accident. Footage circulating online apparently captured the dramatic moment, when the ... ( read original story ...)
Tower crane construction causes damage to Shanghai Metro Line 11; repair work under way
External construction caused damage to equipment and trains on Metro Line 11 in Shanghai, forcing trains to stop between stations on Sunday morning. Metro authorities promptly organized emergency ... ( read original story ...)
China Property Flare-Ups Resurface as Crisis Enters Fifth Year
One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely ... ( read original story ...)