Tag Archive | "developer"

China's Graft Probe Hits Second Shenzhen Developer

China's Graft Probe Hits Second Shenzhen Developer Another Shenzhen property developer, Shenzhen Kingkey Group, is under investigation and has had its properties blocked from sale. Bloomberg's Christine Hah reports on "First Up." (Source: Bloomberg) … Read more on Bloomberg

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China Graft Probe Said to Snare Another Developer After Kaisa

China Graft Probe Said to Snare Another Developer After Kaisa (Bloomberg) — Chinese authorities are probing a second Shenzhen property developer over ties to a former city official detained on graft allegations, widening an investigation that pushed Kaisa Group Holdings Ltd. to the brink of default. Shenzhen … Read more on Bloomberg

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Shenzhen Government Looks for Investors to Buy Stakes in Developer Kaisa

Shenzhen Government Looks for Investors to Buy Stakes in Developer Kaisa (Bloomberg) — The Shenzhen government is holding talks with several property developers in a bid to orchestrate investments in Kaisa Group Holdings Ltd., people familiar with the matter said today. The government doesn't want stakes to be sold at a … Read more on Bloomberg

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Shenzhen Government Looks for Investors to Buy Stakes in Developer Kaisa

Shenzhen Government Looks for Investors to Buy Stakes in Developer Kaisa Kaisa, a developer based in the southern Chinese city of Shenzhen, is being probed over alleged links to Jiang Zunyu, the former security chief of Shenzhen who was taken into custody in a graft probe, two other people familiar said on Jan. 13. It […]

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Three Creditors 'Ask Shenzhen Court to Freeze Assets of Developer Kaisa'

Three Creditors 'Ask Shenzhen Court to Freeze Assets of Developer Kaisa' (Beijing and Hong Kong) – At least three financial institutions with loans to Shenzhen-based developer Kaisa Group Holdings have asked a court in the southern city to seize the assets of the troubled firm in the hopes of minimizing their losses, court … Read more […]

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Mainland developer Kaisa halts share trading following Shenzhen sales restriction

Mainland developer Kaisa halts share trading following Shenzhen sales restriction Mainland developer Kaisa halted trading of its shares in Hong Kong on Wednesday after media reports that the authorities had stopped processing sales of units at some of its projects in Shenzhen. Its statement to the stock exchange did not explain the … Read more on […]

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Shenzhen developer Hydoo fires chairman, appoints brother

Shenzhen developer Hydoo fires chairman, appoints brother Hydoo International, a Shenzhen-based developer of commercial trade and logistics centres, has fired chairman Wong Choihing a month after it was confirmed that he was being investigated by the mainland authorities. The company said on Monday morning … Read more on South China Morning Post (subscription)

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Shenzhen developer Redco aims to raise HK$1b to drive growth

Shenzhen developer Redco aims to raise HKb to drive growth Redco Properties Group, a small mainland developer focusing on second and third-tier cities, plans to raise up to HK$ 1.04 billion through an initial public offering that starts today. The Shenzhen-based developer will issue 400 million shares at … Read more on South China Morning […]

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