Hong Kong’s wealthiest man, Li Ka-shing, is putting his tallest building in the city up for sale, garnering bids from several Chinese buyers, South China Morning Post reports. Li’s Cheung Kong Property Holdings Co. has put The Center on the market with little fanfare for six months, according to a property agent involved in the […]
Category: Property
Shareholders voted Monday to accept Chinese property-and-entertainment conglomerate Dalian Wanda Group Co.’s $4.4 billion buyout offer for its Hong Kong-listed commercial property unit, according to The Wall Street Journal. Dalian Wanda Commercial Properties Co., China’s largest commercial property developer, held a shareholder meeting Monday morning to vote on the plan. The company, controlled by Chinese […]
Commercial property developer and operator Soho China is looking to tap into demand for shared workspaces beyond Beijing and Shanghai. According to The Wall Street Journal, the Beijing-based company, whose profits have shrunk for three straight years, has been branching out for the past 18 months into short-term leasing of shared working space to startups […]
Caixin reports property developer Evergrande Group has become the fourth largest shareholder of leading home builder China Vanke Co., which is struggling to fend off a hostile takeover. Evergrande Real Estate Group Ltd. spent 9.1 billion yuan to acquire Vanke’s stock on the secondary market and now holds 4.68% of the country’s largest residential property […]
Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it turns its focus towards raising its credit rating to above junk. As it steps back from the more than $15 billion in overseas purchases made or announced since 2010, the group […]