China has urged state-owned banks to step up their financial support for property developer China Vanke and invited creditors to consider extending private debt maturities. According to those in the...
Key Takeaways: Vanke has no more overseas debt coming due this year, but could face challenges in 2024 as 11 billion yuan in three tranches of overseas debt matures The company believes pressure caused by falling sales and rising supply in China’s property market over the last two years will ease in the second half of next year
Over the past 12 months, about two-thirds of Chinese property developers have defaulted on their offshore debt. The most recent debt default was by China SCE Group Holdings Ltd.
Tricon Residential Inc. , an owner and operator of single-family rental homes in the U.S. Sun Belt and multi- family rental apartments in Canada, announced today its consolidated financial results... | May 9, 2023
New World Development Company Limited announced that it has signed a Memorandum of Understanding with the SCP Group , marking the first PropTech collaboration between Mainland and... | April 3, 2023
Key Takeaways: Property management firm Onewo, which is boasting high-tech elements, could become the largest IPO in Hong Kong this year Underperformance by its industry peers has undermined company’s chances of getting a strong valuation By Emily Chan
Banyan Tree Group today announces its expansion into Japan, a frontier location for the global, multi-branded hospitality group. This introduction of four brands marks the Group’s first-ever entry into Japan since its inception in 1994, and further reinforces its stronghold in Asia.
Evergrande which has nearly $20 billion in offshore debt, was due on Wednesday to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond. It also missed paying a $83.5 million in coupon on another bond last Thursday
The company, which has nearly $20 billion in offshore debt, was due on Wednesday to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond.