Emperor International Holdings

New Business

Hong Kong developers Emperor and Lai Sun find relief amid debt pressures

Emperor International Holdings has secured bank approval to resume borrowing under existing terms by nearly two years, providing the embattled…

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New Business

Hong Kong hedge fund founder buys luxury home in Shouson Hill for US$74.3 million

A company associated with Vincent Gao Leyi, the founder of Hong Kong-based hedge fund CoreView Capital, has bought a luxury…

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New Business

HSBC asks Hang Seng Bank to clean up bad Hong Kong property debt

HSBC Holdings has taken the unusual step of getting directly involved in pushing its Hong Kong subsidiary, Hang Seng Bank,…

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New Business

More Hong Kong small and medium-sized property developers to face default risks: experts

More of Hong Kong’s small and medium-sized property developers will face default risks, market experts said, adding that they hoped…

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New Business

Can Hong Kong’s IPO boom plug the hole in the city’s floundering office market?

In the first instalment of our two-part series on Hong Kong’s beleaguered property market, industry players pin their hopes on…

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New Business

Hong Kong developer Grand Ming avoids risking default by obtaining waivers from lenders

“The group has successfully obtained waivers from all lenders in respect of the breach,” the company said on Monday. “Accordingly,…

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New Business

Commercial property crisis looms in Hong Kong as shrinking values squeeze developers

Hong Kong is facing a commercial real estate crisis, with small and medium-sized developers as well as banks under increasing…

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New Business

Hong Kong developer Grand Ming’s debt crisis deepens with US$611 million loan default

Hong Kong developer Grand Ming Group warned investors that it has yet to repay a HK$4.8 billion (US$611.4 million) loan,…

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New Business

Emperor’s financial struggle mirrors the current state of Hong Kong’s property sector

Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust…

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