{"id":119608,"date":"2020-12-25T16:01:16","date_gmt":"2020-12-25T09:01:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-agile-sells-stakes-worth-us1-08-billion-in-seven-chinese-property-projects-to-ping-an-to-raise-cash-needed-to-dodge-new-borrowing-restrictions\/"},"modified":"2020-12-25T16:10:39","modified_gmt":"2020-12-25T09:10:39","slug":"developer-agile-sells-stakes-worth-us1-08-billion-in-seven-chinese-property-projects-to-ping-an-to-raise-cash-needed-to-dodge-new-borrowing-restrictions","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-agile-sells-stakes-worth-us1-08-billion-in-seven-chinese-property-projects-to-ping-an-to-raise-cash-needed-to-dodge-new-borrowing-restrictions\/","title":{"rendered":"Developer Agile sells stakes worth US$1.08 billion in seven Chinese property projects to Ping An to raise cash needed to dodge new borrowing restrictions"},"content":{"rendered":"


\nChinese property developer Agile Group Holdings is selling stakes worth 7.05 billion yuan (US$1.08 billion) in seven property projects to Ping An Insurance Group, a move that should bring it much needed cash before a regulatory hurdle for borrowing takes effect and allow Ping An to deepen its footprint in China\u2019s vast property market.Hong Kong-listed Agile is selling its interests in the developments, mainly in southern and east-central parts of mainland China, to a group of Ping An\u2026
\n
\nSource : South China Morning Post
\nRead more…Developer Agile sells stakes worth US.08 billion in seven Chinese property projects to Ping An to raise cash needed to dodge new borrowing restrictions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese property developer Agile Group Holdings is selling stakes worth 7.05 billion yuan (US$1.08 billion)...<\/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-119608","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-v7a","jetpack-related-posts":[{"id":124334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/agile-group-becomes-latest-debt-ridden-chinese-developer-to-be-rescued-by-state-owned-company\/","url_meta":{"origin":119608,"position":0},"title":"Agile Group becomes latest debt-ridden Chinese developer to be rescued by state-owned company","date":"January 24, 2022","format":false,"excerpt":"\r State-backed companies are coming to the rescue of embattled Chinese developers pushed to the edge of financial ruin by Beijing\u2019s \u201cthree red lines\u201d borrowing restrictions.Agile Group, one of the country\u2019s top 20 home sellers, said it will sell its 26.7 per cent stake in a Guangzhou property joint venture\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120774,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/insurer-ping-an-to-acquire-stakes-in-six-raffles-city-properties-from-singapores-capitaland-in-deal-worth-up-to-us5-1-billion\/","url_meta":{"origin":119608,"position":1},"title":"Insurer Ping An to acquire stakes in six Raffles City properties from Singapore\u2019s CapitaLand in deal worth up to US$5.1 billion","date":"June 30, 2021","format":false,"excerpt":"\r Ping An Insurance (Group), China\u2019s largest insurer by market capitalisation, plans to acquire stakes in six Raffles City retail and office developments in China from Singapore\u2019s CapitaLand for up to 33 billion yuan (US$5.1 billion).Ping An Life Insurance Company of China, a unit of Ping An, said it will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-chinese-developer-zhenro-asks-to-delay-restructuring-amid-strained-conditions-ping-an-units-lawsuit-threat\/","url_meta":{"origin":119608,"position":2},"title":"Indebted Chinese developer Zhenro asks to delay restructuring amid \u2018strained\u2019 conditions, Ping An unit\u2019s lawsuit threat","date":"April 12, 2024","format":false,"excerpt":"\r Shanghai-based developer, facing 61.86 billion yuan (US$8.5 billion) in debts, says it needs more time to consider restructuring plan amid slumping sales and slow asset disposal as the property market crisis grinds on.\r \r Source : South China Morning Post\r Read more...Indebted Chinese developer Zhenro asks to delay restructuring\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23931,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-this-chinese-residential-projects-asking-price-worth-it\/","url_meta":{"origin":119608,"position":3},"title":"Is this Chinese residential project\u2019s asking price worth it?","date":"August 25, 2016","format":false,"excerpt":"\r Agile has high hopes\u00a0for a tract of land in Guangzhou Bright pink clouds above Guangzhou, China\u2019s fourth-largest city. Image credit: ArtisticPhoto \/ Shutterstock.com Guangzhou\u2019s Liwan district is considered a relatively backwards neighbourhood, far from rapid transit routes and wanting of luxury amenities. Apartments in the area command an average\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131078,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/agile-group-embattled-chinese-property-developer-redeems-us207-million-bond\/","url_meta":{"origin":119608,"position":4},"title":"Agile Group, embattled Chinese property developer, redeems US$207 million bond","date":"October 20, 2022","format":false,"excerpt":"\r The company, one of China\u2019s top home sellers, redeemed a 1.5 billion yuan (US$207 million) bond due this month, according to a late Wednesday filing with the Hong Kong exchange.\r \r Source : South China Morning Post\r Read more...Agile Group, embattled Chinese property developer, redeems US7 million bond","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106576,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-chinas-housing-boom-cools-insurer-ping-an-and-developer-cifi-shift-focus-to-rental-market\/","url_meta":{"origin":119608,"position":5},"title":"As China\u2019s housing boom cools, insurer Ping An and developer Cifi shift focus to rental market","date":"April 26, 2019","format":false,"excerpt":"\r The real estate investment platform of Ping An Insurance has joined Shanghai-based developer Cifi Holdings to launch a 10 billion yuan (US$1.5 billion) rental home investment and management business, targeting affordable living for those who have yet to get on the housing ladder.The two companies announced on Thursday they\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\/119608"}],"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=119608"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119608\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}