{"id":364612,"date":"2023-11-21T13:52:33","date_gmt":"2023-11-21T05:52:33","guid":{"rendered":"https:\/\/www.mingtiandi.com\/?p=364612"},"modified":"2023-11-21T22:09:17","modified_gmt":"2023-11-21T14:09:17","slug":"roundup-china-lists-50-real-estate-firms-eligible-for-funding-and-more-asia-real-estate-headlines","status":"publish","type":"post","link":"https:\/\/www.mingtiandi.com\/real-estate\/crelist\/roundup-china-lists-50-real-estate-firms-eligible-for-funding-and-more-asia-real-estate-headlines\/","title":{"rendered":"China Lists 50 Real Estate Firms Eligible for Funding and More Asia Real Estate Headlines"},"content":{"rendered":"
\"Chinese

Chinese regulators are drafting a list of 50 developers eligible for a range of financing.<\/p><\/div>\n

Chinese regulators are said to be drafting a list of 50 developers which will eligible for financing as part of a state-backed bailout, with that story leading Mingtiandi\u2019s headline roundup today. Also in the news, McDonald\u2019s agrees to buy Carlyle\u2019s minority stake in the fast-food giant\u2019s China unit and developer Sunac China says its ready for a restructuring.<\/p>\n

\"\"<\/a><\/p>\n

China Said White-Listing 50 Real Estate Firms for Funding<\/a><\/h3>\n

Chinese regulators are drafting a list of 50 developers eligible for a range of financing, according to people familiar with the matter, the nation\u2019s latest effort to put a floor under the property crisis.<\/p>\n

China Vanke, Seazen Group and Longfor Group Holdings are among companies that have been named in a draft of the so-called white list, the people said, asking not to be named discussing private matters. Read more>><\/a><\/strong><\/p>\n

McDonald\u2019s Buys Back Carlyle\u2019s Minority Stake in China Unit<\/a><\/h3>\n

McDonald\u2019s Corp agreed to buy Carlyle Group\u2019s minority stake in the partnership that runs the restaurant chain\u2019s business in China, Hong Kong and Macau for an undisclosed price.<\/p>\n

The Chicago-based company will increase its stake in the partnership to 48 percent from 20 percent as part of the deal, according to a statement Monday. The CITIC Consortium, a Chinese conglomerate, will continue to hold 52 percent of the business. Read more>><\/a><\/strong><\/p>\n

Sunac China Says Restructuring Conditions Satisfied<\/a><\/h3>\n

Embattled developer Sunac China Holdings said Monday that each of its restructuring conditions have been met and its debt overhaul plan has become effective.<\/p>\n

In early October, a Hong Kong court approved the company\u2019s roughly $9 billion offshore restructuring proposal that is expected to be a template for cash-strapped peers in a key sector battered since mid-2021. Read more>><\/a><\/strong><\/p>\n

China\u2019s Seazen Raising $280M in Onshore Bonds<\/a><\/h3>\n

Seazen Holdings, a large private property developer in China, is raising up to RMB 2 billion ($280 million) via onshore bonds, according to a deal term sheet and two sources with knowledge of the matter.<\/p>\n

The three-year notes are expected to have a coupon of 3.5 percent to 4.5 percent and will be guaranteed by state-owned China Bond Insurance Corp, the term sheet showed. CITIC Securities is the lead underwriter for the deal, which is expected to be completed by end of this month, according to the document. Read more>><\/a><\/strong><\/p>\n

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PropertyGuru Returns to the Black in Q3\u00a0<\/a><\/h3>\n

PropertyGuru reported earnings of S$312,000 ($233,641) in the third quarter of its fiscal year ended 30 September, reversing a net loss of S$7.4 million a year earlier.<\/p>\n

The NYSE-listed online real estate portal on Tuesday said its latest set of results brings the group out of its loss-making position with no income per share, as opposed to a per-share loss of S$0.05 in last year\u2019s third quarter. Read more>><\/a><\/strong><\/p>\n

Temasek\u2019s Fullerton Sells Down Stake in CICT for $1.2M<\/a><\/h3>\n

Fullerton, an investment manager that is an indirect subsidiary of Temasek Holdings, has disposed of 906,400 units of CapitaLand Integrated Commercial Trust for more than S$1.6 million ($1.2 million) or S$1.798 each.<\/p>\n

The disposal was done Monday via the market. Following the disposal, Fullerton\u2019s stake in the REIT is now 0.4982 percent. Read more>><\/a><\/strong><\/p>\n

Mirae Asset Maps REIT 1 to Raise $10.8M Through Stock Offering\u00a0<\/a><\/h3>\n

Mirae Asset Maps REIT 1 on Monday announced that it would sell shares to raise KRW 14 billion ($10.8 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.<\/p>\n

According to a regulatory filing, the company will issue some 4.89 million common shares at a price of KRW 2,860 per share. The stock will be sold to the firm’s shareholders. Read more>><\/a><\/strong><\/p>\n

Missouri Pension Board Rejects Push Treasurer for China Divestment<\/a><\/h3>\n

The board overseeing Missouri\u2019s state employee pension plan voted down a proposal by state treasurer Vivek Malek to sell off any investments in Chinese stocks and other securities.<\/p>\n

On a voice vote last week, the 11-member board of the Missouri State Employees Retirement System rejected Malek\u2019s call to punish the Asian economic powerhouse for COVID-19, spy balloons and the fentanyl crisis by pulling its pension investments in the Asian economic powerhouse. Read more>><\/a><\/strong><\/p>\n

\"Yardi<\/a><\/div><\/p>\n

Tune in again soon for more real estate news and be sure to follow\u00a0@Mingtiandi<\/a>\u00a0on X, or bookmark\u00a0Mingtiandi\u2019s LinkedIn page<\/a> for headlines as they happen.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese regulators are said to be drafting a list of 50 developers which will eligible for financing as part of a state-backed bailout, with that story leading Mingtiandi\u2019s headline roundup today. Also in the news, McDonald\u2019s agrees to buy Carlyle\u2019s… Read More>><\/a><\/p>\n","protected":false},"author":17894,"featured_media":364614,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4848],"tags":[8550,1758,5382,7035,7828,2609,1255],"ppma_author":[9263],"authors":[{"term_id":9263,"user_id":17894,"is_guest":0,"slug":"ponrath-sopannarath","display_name":"Ponrath Sopannarath","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/db43db4f00bd2933afda3e6578120ae9?s=96&d=mm&r=g","user_url":"","last_name":"Sopannarath","first_name":"Ponrath","description":""}],"_links":{"self":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/364612"}],"collection":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/users\/17894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/comments?post=364612"}],"version-history":[{"count":0,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/364612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media\/364614"}],"wp:attachment":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media?parent=364612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/categories?post=364612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/tags?post=364612"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/ppma_author?post=364612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}