{"id":117922,"date":"2020-07-23T07:30:09","date_gmt":"2020-07-23T00:30:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-chairman-of-indebted-property-firm-goldin-hong-kong-shop-king-among-investors-disposing-of-assets-on-the-cheap-to-pay-debt\/"},"modified":"2020-07-23T08:04:02","modified_gmt":"2020-07-23T01:04:02","slug":"billionaire-chairman-of-indebted-property-firm-goldin-hong-kong-shop-king-among-investors-disposing-of-assets-on-the-cheap-to-pay-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-chairman-of-indebted-property-firm-goldin-hong-kong-shop-king-among-investors-disposing-of-assets-on-the-cheap-to-pay-debt\/","title":{"rendered":"Billionaire chairman of indebted property firm Goldin, Hong Kong \u2018shop king\u2019 among investors disposing of assets on the cheap to pay debt"},"content":{"rendered":"


\nTwo of Hong Kong\u2019s tycoons have joined the ranks of investors needing to raise funds to meet their debt obligations.Billionaire Pan Sutong, the chairman of the Goldin Financial Holdings, is putting his own property on the market while seeking help from his famous wealthy neighbour to survive a debt crunch at the development company that recently walked away from one of the city\u2019s biggest land deals.Pan has taken out a second and third mortgage worth a total of HK$600 million (US$85.6 million)\u2026
\n
\nSource : South China Morning Post
\nRead more…Billionaire chairman of indebted property firm Goldin, Hong Kong \u2018shop king\u2019 among investors disposing of assets on the cheap to pay debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two of Hong Kong\u2019s tycoons have joined the ranks of investors needing to raise funds...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-117922","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uFY","jetpack-related-posts":[{"id":118885,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-strapped-developer-goldin-to-raise-us178-million-through-share-sale-for-debt-repayment-working-capital\/","url_meta":{"origin":117922,"position":0},"title":"Cash-strapped developer Goldin to raise US$178 million through share sale for debt repayment, working capital","date":"October 11, 2020","format":false,"excerpt":"\r Cash-strapped Hong Kong property developer Goldin Financial Holdings plans to raise HK$1.38 billion (US$178 million) in net proceeds from a share sale to at least six investors, the company said in a filing to the local stock exchange on Sunday.The company, which is controlled by billionaire Pan Sutong, plans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117924,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/li-ka-shings-ck-asset-makes-first-step-in-rescue-of-distressed-hong-kong-developer-goldin-as-hostile-creditors-seize-assets\/","url_meta":{"origin":117922,"position":1},"title":"Li Ka-shing\u2019s CK Asset makes first step in rescue of distressed Hong Kong developer Goldin as hostile creditors seize assets","date":"July 23, 2020","format":false,"excerpt":"\r Hong Kong\u2019s most-famous billionaire Li Ka-shing has sent a top lieutenant to help rescue a cash-strapped developer in the first major blow-up and restructuring to unfold from the city\u2019s property market slump.Goldin Financial Holdings, the troubled developer with HK$18.5 billion of liabilities, named Gerald Ma Lai-chee as vice-chairman and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-conglomerate-goldin-financials-stock-soars-on-plan-to-sell-property-worth-us1-6-billion-to-chairman\/","url_meta":{"origin":117922,"position":2},"title":"Hong Kong conglomerate Goldin Financial\u2019s stock soars on plan to sell property worth US$1.6 billion to chairman","date":"April 25, 2018","format":false,"excerpt":"\r Hong Kong conglomerate Goldin Financial Holdings plans to sell two pieces of land in the city\u2019s Ho Man Tin area worth HK$12.4 billion (US$1.6 billion) to mainland billionaire Pan Sutong, who is also the company\u2019s chairman. Shares in the company soared by as much as 18 per cent, amid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldin-financial-and-chairman-form-hk20-billion-joint-venture-to-buy-hong-kong-and-china-land\/","url_meta":{"origin":117922,"position":3},"title":"Goldin Financial and chairman form HK$20 billion joint venture to buy Hong Kong and China land","date":"September 5, 2016","format":false,"excerpt":"\r Goldin Financial Holdings on Monday announced it would form a joint venture with its chairman to acquire land in Hong Kong and China through government tenders at a budget of HK$20 billion.\r \r Source : South China Morning Post\r Read more...Goldin Financial and chairman form HK billion joint venture\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldin-financial-will-bid-in-hong-kong-government-land-auctions\/","url_meta":{"origin":117922,"position":4},"title":"Goldin Financial will bid in Hong Kong government land auctions","date":"December 19, 2016","format":false,"excerpt":"\r Goldin Financial Holdingswill \u201cactively participate\u201d in Hong Kong government land sales after it formed a HK$20 billion joint venture with its chairman Pan Sutong to diversify into property investment in the city and in the mainland. \u201cWe prefer buying land suitable for the development of high-end residential and commercial\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133686,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-laden-goldins-former-hq-sells-for-significant-discount-of-us713-million-to-hong-kongs-pag-and-singaporean-investment-firm\/","url_meta":{"origin":117922,"position":5},"title":"Debt-laden Goldin\u2019s former HQ sells for \u2018significant discount\u2019 of US$713 million to Hong Kong\u2019s PAG and Singaporean investment firm","date":"January 12, 2023","format":false,"excerpt":"\r Deal ends more than two years of legal wrangling over the 28-storey Goldin Financial Global Centre, while the price agreed by Hong Kong-based PAG and Singapore\u2019s Mapletree Investments is well below market value, PAG said.\r \r Source : South China Morning Post\r Read more...Debt-laden Goldin\u2019s former HQ sells for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117922"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=117922"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117922\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}