The HK$2.7 billion (US$344 million) sale of two Shimao Group hotels in Hong Kong leaves an estimated HK$1.8 billion shortfall against their secured loans. Still, receivers managed to squeeze out improved bids in the final stages, with all shortlisted parties improving their offers, said Una Ge, a managing director at AlixPartners who oversaw the sale as a joint receiver. The deal offers a glimpse into how mainland China’s developer debt crisis is reshaping Hong Kong’s restructuring industry,...
How Shimao’s sale of 2 hotels reveals the growing complexity of Hong Kong debt workouts
Receivers say they extracted higher bids in the final stages while managing the cross-border fallout from mainland China’s property downturn
Still, receivers managed to squeeze out improved bids in the final stages, with all shortlisted parties improving their offers, said Una Ge, a managing director at AlixPartners who oversaw the sale as a joint receiver.
In parts of Southeast Asia, unsold homes are piling up as developers struggle to clear housing stock – yet young buyers hoping to land their first property still cannot find an affordable home. The paradox reflects a growing mismatch between the homes being built and what aspiring buyers can afford, according to analysts, who point to speculative investment, financing hurdles and poor locations as factors leaving properties empty even amid demand for affordable housing. In Vietnam, the problem..
China has released footage of its troops carrying out a “no-notice” rocket launch as part of an ongoing effort by state media to showcase the People’s Liberation Army’s rapid-response capabilities. State broadcaster CCTV on Monday released a brief video showing the exercise in mountainous terrain and said it had been carried out with no advance notice given to the troops involved. No other details were provided. The footage – which is believed to show a missile from the Dongfeng (east wind)...
China has granted new autonomous-driving permission to electric vehicle (EV) maker Xpeng and a mainland joint venture of Volkswagen, intensifying the commercialisation race between China’s autonomous driving firms and US company Tesla. Xpeng would now be allowed to conduct “demonstration operations” of its Yoyo driverless taxis in the capital city of southern China’s Guangdong province under a licence officially granted recently, the company said on social media on Monday. The licence, which...
Determinada pelo TSE (Tribunal Superior Eleitoral) em fevereiro de 2026 e pelo STF (Supremo Tribunal Federal) em 2023, a exigência de transporte coletivo com frequência compatível com a dos dias úteis durante as eleições foi relembrada à Prefeitura de São Paulo por diferentes órgãos públicos meses antes do primeiro e do segundo turno. Leia mais (10/26/2026 - 21h00)
A 39-year-old woman said she was attacked at knife point on Saturday night. The police said they had increased patrols and had yet to make an arrest.
Jordan attacks Syria in response to Karak church attack Jordan’s air force has carried out several strikes in southern Syria in response to Friday’s church attack which killed nine people in Karak. Syrian authorities say several people were killed, including children, in the Deraa countryside.