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Shimao’s losses spike 90% as embattled developer is gripped by China’s property downturn

Losses at Shimao Group Holdings, the embattled mainland Chinese developer, jumped nearly 90 per cent in the first half as…

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China Resources Land posts record decline in its interim profit amid housing market torpor

China Resources Land (CR Land) has reported its worst interim profit drop on record, as the torpor in the nation’s…

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Bankruptcy proceeding against Evergrande unit to proceed, liquidators say

A bankruptcy filing against a Guangzhou-based unit of collapsed developer China Evergrande has been accepted by a mainland China court,…

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Samsonite to pursue dual listing in US, implement US$200-million share buy-back

Luggage maker Samsonite International has decided to pursue a second stock listing in the United States, its single-biggest market by…

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Chinese developer Agile’s chairman Chen Zhuolin sells Hong Kong flat at 54% loss

The chairman of distressed Chinese developer Agile Group Holdings has sold a property in Hong Kong at less than half…

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Evergrande shares to remain suspended as liquidators see no path to restructuring

Trading of China Evergrande Group’s shares will remain suspended, as the collapsed developer’s liquidators see no path to a restructuring…

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New Business Jobs

Shimao gets second reprieve in liquidation, winning time until August 12 to work out its debt

Shimao Group Holdings has received the second reprieve in a month to restructure its debt, after a Hong Kong court…

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