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 ...)
Chinese state-owned property firms step in to rescue cash-strapped developers
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 ...)