Chinese property developer Shimao Group said on Friday (Jan 28) it would sell a hotel in Shanghai to state-owned Shanghai Land Group for 4.5 billion yuan (US$707.83 million), as it seeks to reduce its ... ( read original story ...)
China’s Shimao sells Shanghai hotel to state-owned firm for $708m
Chinese property developer Shimao Group said on Friday it would sell a hotel in Shanghai to state-owned Shanghai Land Group for 4.5 billion yuan ($707.83 million), as it seeks to reduce its debt amid ... ( read original story ...)
China’s Property Crisis Has Investors in Green Bonds Seeing Red
The selloff in China’s property-bond market and a string of defaults have hammered prices for many dollar-denominated green bonds issued by developers. ( read original story ...)
China home builders, suppliers issue spate of profit warnings as Evergrande woes bite
A growing number of Chinese construction and decoration companies are writing off assets or issuing profit warnings as debt woes at China Evergrande Group and other property developers debilitate ... ( read original story ...)
M&A-themed bonds take shape to lift China’s property sector
Issuers turn to bonds to support property acquisitions, but any ease up in liquidity pressure is set to be limited ... ( read original story ...)
Intercontinental Shanghai Wonderland is up for sale
Shimao Group has announced its plans to sell Intercontinental Shanghai Wonderland at a quoted price of RMB 2.25 billion. The luxury hotel property is among other assets to be sold by the group. ( read original story ...)
Chinese lender to issue bonds for M&A in cash-strapped property sector
Property developer shares rose on Tuesday after a Chinese lender unveiled a plan to issue debt to fund real estate acquisitions - the first bank to do so - while Beijing sought to reassure investors ... ( read original story ...)