{"id":119053,"date":"2020-10-29T17:04:43","date_gmt":"2020-10-29T10:04:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pan-sutong-controlled-goldin-financial-loses-control-over-flagship-tower-as-court-rules-in-favour-of-creditors\/"},"modified":"2020-10-29T18:06:20","modified_gmt":"2020-10-29T11:06:20","slug":"pan-sutong-controlled-goldin-financial-loses-control-over-flagship-tower-as-court-rules-in-favour-of-creditors","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pan-sutong-controlled-goldin-financial-loses-control-over-flagship-tower-as-court-rules-in-favour-of-creditors\/","title":{"rendered":"Pan Sutong-controlled Goldin Financial loses control over flagship tower as court rules in favour of creditors"},"content":{"rendered":"


\nThe drama surrounding the ownership and sale of Goldin Financial Global Centre, a 28-storey building and headquarters of cash-strapped Goldin Financial Holdings, came to an end on Thursday, after a court ruled in favour of the developer\u2019s creditors.The Goldin unit Smart Edge and Goldin Financial Global Centre are under the control of Cosimo Borrelli and Ma Siu Ming of specialist restructuring, insolvency and forensic accounting firm Borrelli Walsh, the joint receivers and managers appointed by\u2026
\n
\nSource : South China Morning Post
\nRead more…Pan Sutong-controlled Goldin Financial loses control over flagship tower as court rules in favour of creditors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The drama surrounding the ownership and sale of Goldin Financial Global Centre, a 28-storey building...<\/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-119053","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-uYd","jetpack-related-posts":[{"id":118755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-pan-sutong-controlled-goldin-loses-control-of-crown-jewel-as-creditors-put-kowloon-headquarters-on-the-market\/","url_meta":{"origin":119053,"position":0},"title":"Billionaire Pan Sutong-controlled Goldin loses control of crown jewel as creditors put Kowloon headquarters on the market","date":"September 28, 2020","format":false,"excerpt":"\r Cash-strapped Hong Kong developer Goldin Financial Holdings is about to lose one of its crown jewels \u2013 its corporate headquarters in Kowloon Bay \u2013 after creditors put the property up for sale by tender.Receivers and managers of the asset have engaged Knight Frank as the sole agent to seek\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldin-financial-loses-record-us331-5-million-on-resale-of-land-at-kai-tak-as-coronavirus-darkens-outlook-for-hong-kongs-property-market\/","url_meta":{"origin":119053,"position":1},"title":"Goldin Financial loses record US$331.5 million on resale of land at Kai Tak as coronavirus darkens outlook for Hong Kong\u2019s property market","date":"May 11, 2020","format":false,"excerpt":"\r A Hong Kong developer has suffered the biggest loss on a land sale in the city\u2019s history, offloading a residential plot at Kai Tak to raise cash to help it weather a market slump caused by the coronavirus pandemic.Goldin Financial Holdings, controlled by Pan Sutong, one of Hong Kong\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118823,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-strapped-developer-goldins-creditors-say-it-cant-sell-kowloon-headquarters\/","url_meta":{"origin":119053,"position":2},"title":"Cash-strapped developer Goldin\u2019s creditors say it can\u2019t sell Kowloon headquarters","date":"October 6, 2020","format":false,"excerpt":"\r The creditors of cash-strapped property developer Goldin Financial Holdings said it has no right to sell its Kowloon Bay headquarters, escalating a dispute over the 28-storey building\u2019s ownership.Cosimo Borrelli and Ma Siu Ming of specialist restructuring, insolvency and forensic accounting firm Borrelli Walsh, have been appointed receivers and managers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-strapped-developer-goldin-seeks-to-raise-another-hk8-7-billion-in-loans-and-sell-kai-tak-site-to-pay-piling-debts\/","url_meta":{"origin":119053,"position":3},"title":"Cash-strapped developer Goldin seeks to raise another HK$8.7 billion in loans and sell Kai Tak site to pay piling debts","date":"July 16, 2020","format":false,"excerpt":"\r Goldin Financial Holdings, which staged a spectacular U-turn in 2018 from buying Hong Kong\u2019s most expensive waterfront land, said it is actively looking for capital to repay a growing pile of debt, as its stock lost nearly 70 per cent in value since October.The company, controlled by billionaire Pan\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":119053,"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":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":119053,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119053"}],"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=119053"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119053\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}